The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined eight basis points this week, to 3.60%. This is the same level as two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also fell eight basis points this week, to 3.34%, which is the same level as two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, declined one basis points this week, to 4.70%. This is its lowest level since Oct. 28, 2010 (66 weeks ago), when it was 4.67%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, rose one basis point this week, to 0.25%, which is the highest level since Jan. 11, 2012 (three weeks ago), when it was also 0.25%.
The yield on the U.S. Treasury’s 10-year note declined 11 basis points this week, to 1.83%, which is its lowest level since Sept. 22, 2011 (19 weeks ago), when it was 1.71%.
The yield on the Treasury’s 30-year bond dropped nine basis points this week, to 3.01%, which is its lowest level since Jan. 12, 2012 (three weeks ago), when it was 2.97%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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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