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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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.
7h ago -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
7h 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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