The Bond Buyer 20-Bond GO Index, which has a 20-year maturity, declined one basis point this week, to 3.67%. It is the lowest level for the index since Oct. 11, 2012 (three weeks ago), when it was 3.64%.
The Bond Buyer 11-Bond GO Index, which measures higher-grade GO bonds maturing in 20 years, also declined one basis point this week, to 3.46%, which is the lowest the index has been since Oct. 11, 2012 (three weeks ago), when it was 3.43%.
The Bond Buyer Revenue Bond Index, which is based on 25 revenue issuers and has a 30-year maturity, dropped four basis points this week, to 4.29%. This is the lowest level for the index since Oct. 4, 2012 (four weeks ago), when it reached an all-time low of 4.28%.
The Bond Buyer One-Year Note Index, which is based on one-year GO yields from 10 issuers, rose one basis point this week, to 0.22%. This is the highest level for the index since Oct. 10, 2012 (three weeks ago), when it was 0.23%.
The yield on the 10-year U.S. Treasury note dropped 11 basis points this week, to 1.72%, which is the lowest level for the yield since Oct. 11, 2012 (three weeks ago), when it was 1.68%.
The yield on the 30-year U.S. Treasury bond dropped eight basis points this week, to 2.90%, which is the lowest the yield has been since Oct. 11, 2012 (three weeks ago), when it was 2.86%.
-
"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