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%.
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The state was one of three where one person was responsible for deciding how to invest pension money.
June 13 -
Issuance takes a bit of a breather due to the Juneteenth holiday and the Federal Open Market Committee meeting, Barclays strategists said.
June 13 -
If passed it would untangle sections of the tax code that limits the use of Low-Income Housing Tax credits by Native American tribal governments.
June 13 -
The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.
June 13 -
"There's a lot more we can do now that we have a platform," said DPC DATA CEO Ken Hoffman.
June 13 -
The wait for finished audits dropped across municipal sectors from 2022 to 2023, a new report says, but the median time is still higher in the long run.
June 13