The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose 12 basis points this week, to 4.44%. This is the highest the index has been since Aug. 27, 2009 (30 weeks ago), when it was 4.53%.
The 11-Bond GO Index of higher-grade 20-year GO yields gained 10 basis points this week, to 4.15%. It is now at its highest level since Aug. 27, 2009 (30 weeks ago), when it was 4.27%.
The Revenue Bond Index, which measures 30-year revenue bond yields, rose one basis point this week, to 4.93%. It is at its highest level since March 4, 2010 (three weeks ago), when it was also 4.93%.
The Bond Buyer's One-Year Note Index rose eight basis points this week, to 0.48%. This is the highest the index has been since Feb. 17, 2010 (five weeks ago), when it was also 0.48%.
The yield on the U.S. Treasury's 10-year note increased 23 basis points this week, to 3.90%. This the highest yield for the 10-year note since Oct. 30, 2008, when it was 3.94%.
The yield on the Treasury's 30-year bond rose 19 basis points this week, to 4.78%, which is the highest level for the yield since Oct. 18, 2007, when it was also 4.78%.
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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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