The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined two basis points this week, to 4.07%. But it remained above its 4.02% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped one basis point this week, to 3.81%, but remained above its 3.75% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 5.06%. It is still above its 5.00% level from two weeks ago.
The Bond Buyer’s One-Year Note Index was unchanged this week, at 0.31%. It remains at its highest level since Oct. 26, 2011 (four weeks ago), when it was also 0.31%.
The yield on the U.S. Treasury’s 10-year dropped two basis points this week, to 1.94%. It is at its lowest level since Sept. 22, 2011 (nine weeks ago), when it was 1.71%.
The yield on the Treasury’s 30-year bond declined seven basis points this week, to 2.91%, which is its lowest level since Sept. 22, 2011 (nine weeks ago), when it was 2.79%.
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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.
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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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