The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined 15 basis points this week, to 5.00%. But this remained above its 4.86% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped 13 basis points this week, to 4.74%, but remained above its 4.60% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, decreased six basis points this week, to 5.42%. But it remained above its 5.32% level from two weeks ago.
The Bond Buyer's One-Year Note Index was unchanged this week at 0.56%.
The yield on the U.S. Treasury's 10-year note declined five basis points this week, to 3.35%. It remained above its 3.22% level from two weeks ago.
The yield on the Treasury's 30-year bond fell 11 basis points this week, to 4.45%, but remained above its 4.41% 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.
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Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
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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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