The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined four basis points this week, to 3.86%. It is at its lowest level since March 8, 2012 (seven weeks ago), when it was 3.84%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped four basis points this week, to 3.65%. This is its lowest level since March 1, 2012 (eight weeks ago), when it was 3.47%.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 4.78%. It is at its lowest level since March 8, 2012 (seven weeks ago), when it was 4.76%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, increased three basis points this week, to 0.26%. This is its highest level since Jan. 4, 2012 (16 weeks ago), when it was 0.28%.
The yield on the U.S. Treasury’s 10-year note was unchanged this week, at 1.96%. It remains at its lowest level since Feb. 2, 2012 (12 weeks ago), when it was 1.83%.
The yield on the Treasury’s 30-year bond gained one basis point this week, to 3.13%, but remained below its 3.22% level from two weeks ago.
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Hawaii Gov. Josh Green's last-minute attempt to resuscitate a bill that would have allowed Hawaii Electric Co. to issue debt, backed by a rate increase, failed.
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The Oversight Board has given the local government until Tuesday to introduce a bill to revoke or amend a law that would reduce the Puerto Rico Electric Power Authority's revenues.
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Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.
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The $380 million request for the zoo to voters in three Portland-area counties is the largest bond measure on the May 21 statewide primary ballot.
7h ago -
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The "historical runway" heading into Memorial Day is favorable, rolling into the summer redemption months of June through August, said James Pruskowski, chief investment officer at 16Rock Asset Management.
May 2