The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined seven basis points this week, to 3.90%. It is at its lowest level since March 8, 2012 (six weeks ago), when it was 3.84%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped eight basis points this week, to 3.69%. This is its lowest level since March 1, 2012 (seven weeks ago), when it was 3.47%.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell four basis points this week, to 4.81%. It is at its lowest level since March 8, 2012 (six weeks ago), when it was 4.76%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, declined two basis points this week, to 0.23%. This is its lowest level since March 14, 2012 (five weeks ago), when it was 0.22%.
The yield on the U.S. Treasury’s 10-year note fell 10 basis points this week, to 1.96%. It is at its lowest level since Feb. 2, 2012 (11 weeks ago), when it was 1.83%.
The yield on the Treasury’s 30-year bond also dropped 10 basis points this week, to 3.12%, which is its lowest level since Feb. 2, 2012 (11 weeks ago), when it was 3.01%.
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"We remain cautious with respect to duration given the uncertain macro and geopolitical environment though optically, yields seem attractive in the current range," said Wells Fargo's Vikram Rai.
2h ago -
New York Fed President John Williams said the Fed "will cut rates eventually" during a fireside chat at Milken Institute's Global conference on Monday.
2h ago -
There is a town hall scheduled for Monday, according to a source.
3h ago -
This week's deal will fund accelerated pension payments and Rebuild Illinois expenditures. A $250 million piece will be taxable.
7h ago -
Josh Shapiro proposed $500 million of bonds for site development in his executive budget. But site development has its risks, and the returns may take time.
10h ago -
In the wake of Citi's and UBS's exit from the municipal industry, other firms are seizing the opportunity to expand with new hires.
May 6