The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined five basis points this week, to 3.65%. But it remained above its 3.60% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped three basis points this week, to 3.39%, but remained above its 3.34% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, decreased three basis points this week, to 4.74%. But it is still above its 4.70% level from two weeks ago.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, declined one basis point this week, to 0.24%. This is its lowest level since Jan. 25, 2012 (three weeks ago), when it was also 0.24%.
The yield on the U.S. Treasury’s 10-year note declined five basis points this week, to 1.99%, but remained above its 1.83% level from two weeks ago.
The yield on the Treasury’s 30-year bond fell five basis points this week, to 3.14%, but is still higher than its 3.01% level from two weeks ago.
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"Bond market investors are all wishing that April was behind us as they are anxious to hear the Fed's statement at its next FOMC meeting," noted BofA Global Research. "The statement should be no surprise as the market consensus has converged to 'higher for longer' rates.
April 26 -
CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
April 26 -
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
April 26 -
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
April 26 -
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
April 26 -
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
April 26