The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined five basis points this week, to 4.21%. That is the lowest the index has been since Dec. 23, 2009 (31 weeks ago), when it was also 4.21%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped three basis points this week, to 3.94%, which is the lowest level for the index since Dec. 23, 2009 (31 weeks ago), when it was 3.93%.
The Revenue Bond Index, which measures 30-year revenue bond yields, rose two basis point this week, to 4.80%. That is the highest level for the index since July 1, 2010 (four weeks ago), when it was 4.84%.
The Bond Buyer's One-Year Note Index declined six basis points this week, to 0.458%, which is its lowest level since June 2, 2010 (eight weeks ago), when it was 0.47%.
The yield on the U.S. Treasury's 10-year note increased seven basis points this week, to 3.00%. This is the highest the yield has been since July 8, 2010 (three weeks ago), when it was 3.02%.
The yield on the Treasury's 30-year bond gained 13 basis points this week, to 4.08%, which is its highest level since June 24, 2010 (five weeks ago), when it was 4.09%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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.
6h ago -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
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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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