The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined nine basis points this week, to 4.08%. It is now at its lowest level since Sept. 29, 2011 (three weeks ago), when it was 3.93%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped 10 basis points this week, to 3.81%, which is its lowest level since Sept. 29, 2011 (three weeks ago), when it was 3.67%.
The Revenue Bond Index, which measures 30-year revenue bond yields, increased one basis point this week, to 5.07%. This is its highest level since Sept. 15, 2011 (five weeks ago), when it was 5.11%.
The Bond Buyer’s One-Year Note Index fell one basis point this week, to 0.30%, but remained above its 0.29% level from two weeks ago.
The yield on the U.S. Treasury’s 10-year was unchanged this week, at 2.18%. It remained at its highest level since Aug. 25, 2011 (eight weeks ago), when it was 2.23%.
The yield on the Treasury’s 30-year bond increased four basis points this week, to 3.19%. This is the highest it has been since Sept. 15, 2011 (five weeks ago), when it was 3.36%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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.
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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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