The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose six basis points this week, to 4.31%. That is the highest level for the index since Nov. 24, 2009 (six weeks ago), when it was 4.33%.
The 11-Bond GO Index of higher-grade 20-year GO yields also increased six basis points this week, to 4.03%, which is the highest it has been since Nov. 24, 2009 (six weeks ago), when it was 4.06%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained one basis point this week, to 4.96%. That is the highest level for the index since Dec. 3, 2009 (five weeks ago), when it was 4.98%.
The Bond Buyer's One-Year Note Index declined four basis points this week, to an all-time low of 0.45%. The previous low was 0.46% on Dec. 16, 2009. The index began on July 12, 1989.
The yield on the U.S. Treasury's 10-year note rose four basis points this week, to 3.83%, which is the highest it has been since June 18, 2009 (29 weeks ago), when it was 3.85%.
The yield on the Treasury's 30-year bond jumped eight basis points this week, to 4.69%. This is the highest the yield has been since June 11, 2009 (30 weeks ago), when it was 4.70%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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.
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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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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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