The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose four basis points this week, to 4.25%. That is the highest level for the index since Nov. 24, 2009 (five weeks ago), when it was 4.33%.
The 11-Bond GO Index of higher-grade 20-year GO yields also increased four basis points this week, to 3.97%, which is the highest it has been since Dec. 3, 2009 (four weeks ago), when it was also 3.97%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained one basis point this week, to 4.95%. That is the highest level for the index since Dec. 3, 2009 (four weeks ago), when it was 4.98%.
The Bond Buyer's One-Year Note Index was unchanged this week at 0.49%.
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The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
May 21 -
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
May 21 -
They are seeking legislation on transportation, water and other topics.
May 21 -
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.
May 21 -
The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.
May 21 -
The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.
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