The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased three basis points this week, to 3.72%. It is at its highest level since Jan. 5, 2012 (eight weeks ago), when it was 3.83%.
The 11-Bond GO Index of higher-grade 20-year GO yields rose four basis points this week, to 3.47%. This is its highest level since Jan. 5, 2012 (eight weeks ago), when it was 3.57%.
The Revenue Bond Index, which measures 30-year revenue bond yields, declined two basis points this week, to 4.73%. It is at its lowest level since Feb. 2, 2012 (four weeks ago), when it was 4.70%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, rose two basis points this week, to 0.25%, which is its highest level since Feb. 8, 2012 (three weeks ago), when it was also 0.25%.
The yield on the U.S. Treasury’s 10-year note increased four basis points this week, to 2.03%. This is its highest level since Feb. 9, 2012 (three weeks ago), when it was 2.04%.
The yield on the Treasury’s 30-year bond gained two basis points this week, to 3.15%. This is its highest level since Feb. 9, 2012 (three weeks ago), when it was 3.19%.
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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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