The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was unchanged this week, at 4.02%. It remains at its lowest level since Sept. 29, 2011 (six weeks ago), when it was 3.93%.
The 11-Bond GO Index of higher-grade 20-year GO yields also was unchanged this week, at 3.75%, remaining at its lowest level since Sept. 29, 2011 (six weeks ago), when it was 3.67%.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell five basis points this week, to 5.00%. This is its lowest level since Sept. 22, 2011 (seven weeks ago), when it was 4.96%.
The Bond Buyer's One-Year Note Index increased one basis point this week, to 0.30%, but remained below its 0.31% level from two weeks ago.
The yield on the U.S. Treasury's 10-year dropped two basis points this week, to 2.05%. It is at its lowest level since Oct. 6, 2011 (five weeks ago), when it was 1.99%.
The yield on the Treasury's 30-year bond was unchanged this week, at 3.10%, remaining at its lowest level since Oct. 6, 2011 (five weeks ago), when it was 2.96%.
The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, is unchanged for the fourth consecutive week this week, remaining at 4.99%. It continues to be the highest level for the weekly average yield since the week ended Sept.15, 2011 (eight weeks ago), when it was 5.01%.
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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.
6h 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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