The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined two basis points this week, to 4.36%. This was the index's lowest level since June 3 (five weeks ago), when it was 4.28%.
The 11-Bond GO Index of higher-grade 20-year GO yields also declined two basis points this week, to 4.08%, which is its lowest level since June 3 (five weeks ago), when it was 4.01%.
The Revenue Bond Index, which measures 30-year revenue bond yields, dropped five basis point this week, to 4.79%. This was its lowest level since Oct. 8, 2009 (39 weeks ago), when it was 4.69%.
The Bond Buyer's One-Year Note Index declined five basis points this week, to 0.59%, but remained above its 0.56% level from two weeks ago.
The yield on the U.S. Treasury's 10-year note rose eight basis points this week, to 3.02%, but remained below its 3.13% level from two weeks ago.
The yield on the Treasury's 30-year bond jumped 12 basis points this week, to 4.00%. But it is still lower than its 4.09% level from two weeks ago.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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A stronger-than-expected nonfarm payroll report reignited fears that the Federal Reserve will hike rates. Munis and USTs had a somewhat muted reaction, according to Hennion & Walsh's James Pruskowski.
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"The reason the number [of trade counts] is a record and not just elevated is structural, and it's been building for years," said Josh Rosenblum, head of municipal trading strategies at Brownstone.
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Oregon State Rep. Paul Evans proposed a grant program that would fill budgetary gaps for small cities at risk of closing what he deems as essential city services.
6h ago -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
7h ago -
The plan aims to fundamentally change how the state collects tax revenue, aiming to eventually shrink the income tax to nothing.
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