The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased two basis points this week, to 3.84%. This is the same level as two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also rose two basis points this week, to 3.58%, which is the same level as two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained three basis points this week, to 4.60%. That is its highest level since Sept. 16, 2010 (five weeks ago), when it was 4.63%.
The Bond Buyer's One-Year Note Index also rose three basis points this week, to 0.50%, which is its highest level since Sept. 1, 2010 (seven weeks ago), when it was 0.51%.
The yield on the U.S. Treasury's 10-year note rose five basis points this week, to 2.55%, which is its highest level since Sept. 23, 2010 (four weeks ago), when it was 2.56%.
The yield on the Treasury's 30-year bond gained six basis points this week, to 3.96%, which is its highest level since Aug. 5, 2010 (11 weeks ago), when it was 4.06%.
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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.
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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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