The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined one basis point this week, to 4.40%. But it remained above its 4.39% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped two basis points this week, to 4.12%, but it remained above its 4.11% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, rose one basis point this week, to 5.02%, which is the highest the index has been since Sept. 10, 2009 (nine weeks ago), when it was 5.33%.
The yield on the U.S. Treasury's 10-year note declined eight basis points this week, to 3.46%, which is the lowest it has been since Oct. 22, 2009 (three weeks ago), when it was 3.42%.
The yield on the Treasury's 30-year bond dropped one basis point this week, to 4.40%. But it is still higher than its 4.35% level from two weeks ago.
The Bond Buyer's One-Year Note Index was unchanged this week at 0.56%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
4h ago -
A stronger-than-expected nonfarm payroll report reignited fears that the Federal Reserve will hike rates. Munis and USTs had a somewhat muted reaction, according to Hennion & Walsh's James Pruskowski.
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"The reason the number [of trade counts] is a record and not just elevated is structural, and it's been building for years," said Josh Rosenblum, head of municipal trading strategies at Brownstone.
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Oregon State Rep. Paul Evans proposed a grant program that would fill budgetary gaps for small cities at risk of closing what he deems as essential city services.
7h ago -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
7h ago -
The plan aims to fundamentally change how the state collects tax revenue, aiming to eventually shrink the income tax to nothing.
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