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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Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
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Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
April 25 -
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
April 25 -
Photos from The Bond Buyer's Texas Public Finance conference.
April 25 -
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
April 25 -
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
April 25