The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased two basis points this week, to 4.07%. But it remained below its 4.14% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also rose two basis points this week, to 3.80%, but remained below its 3.86% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained four basis points this week, to 5.11%. It is still below its 5.15% level from two weeks ago.
The Bond Buyer’s One-Year Note Index declined two basis points this week, to 0.28%, which matches the all-time low that it set on July 20, 2011 (eight weeks ago). The index began on July 12, 1989.
The yield on the U.S. Treasury’s 10-year note increased 10 basis points this week, to 2.09%. But it remained below its 2.14% level from two weeks ago.
The yield on the Treasury’s 30-year bond rose five basis points this week, to 3.36%, but still remained below its 3.51% level from two weeks ago.
-
A supply surge hits the market as The Bond Buyer 30-day visible bond volume ticks in at $17.67 billion, $10 billion of which will come the first full week of May, just as macroeconomic data moves all markets to rally.
May 3 -
The latest revision of Oklahoma's fossil fuel "boycotter" list added Barclays, which joins three other municipal bond underwriters placed there last year.
May 3 -
Hawaii Gov. Josh Green's last-minute attempt to resuscitate a bill that would have allowed Hawaii Electric Co. to issue debt, backed by a rate increase, failed.
May 3 -
The Oversight Board has given the local government until Tuesday to introduce a bill to revoke or amend a law that would reduce the Puerto Rico Electric Power Authority's revenues.
May 3 -
Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.
May 3 -
The $380 million request for the zoo to voters in three Portland-area counties is the largest bond measure on the May 21 statewide primary ballot.
May 3