The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased 12 basis points this week, to 3.96%. This is the highest level for the index since Aug. 19, 2010 (10 weeks ago), when it was 4.03%.
The 11-Bond GO Index of higher-grade 20-year GO yields jumped 13 basis points higher this week, to 3.71%, which is the highest level for the index since Aug. 19, 2010 (10 weeks ago), when it was 3.76%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained seven basis points this week, to 4.67%. That is its highest level since Aug. 19, 2010 (10 weeks ago), when it was 4.69%.
The Bond Buyer's One-Year Note Index rose one basis point this week, to 0.51%, which is its highest level since Sept. 1, 2010 (eight weeks ago), when it was also 0.51%.
The yield on the U.S. Treasury's 10-year note increased 12 basis points this week, to 2.67%, which is its highest level since Sept. 16, 2010 (six weeks ago), when it was 2.76%.
The yield on the Treasury's 30-year bond gained nine basis points this week, to 4.05%, which is its highest level since Aug. 5, 2010 (12 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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