The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose nine basis points this week, to 4.39%, which is the highest level for the index since Nov. 12, 2009 (11 weeks ago), when it was 4.40%.
The 11-Bond GO Index of higher-grade 20-year GO yields increased eight basis points this week, to 4.10%. This is the highest the index has been since Nov. 12, 2009 (11 weeks ago), when it was 4.12%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained eight basis points this week, to 4.99%. That is the highest level for the index since Nov. 24, 2009 (nine weeks ago), when it was 4.99%.
The Bond Buyer's One-Year Note Index rose two basis points this week, to 0.49% from last week's all-time low of 0.43%. It is the highest the index has been since Dec. 30, 2009 (four weeks ago), when it was also 0.49%.
The yield on the U.S. Treasury's 10-year note rose six basis points this week, to 3.66%. But it remained below its 3.74% level from two weeks ago.
The yield on the Treasury's 30-year bond increased eight basis points this week, to 4.58%, but it remained below its 4.63% level from two weeks ago.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
4h ago -
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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