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.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
September 4 -
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.
September 4 -
"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.
September 4 -
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.
September 4 -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
September 4 -
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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