The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields rose three basis points this week, to 4.17%. It is now at its highest level since Aug. 4, 2011 (10 weeks ago), when it was 4.19%.
The 11-Bond GO Index of higher-grade 20-year GO yields also gained three basis points this week, to 3.91%, which is its highest level since July 28, 2011 (11 weeks ago), when it was 4.19%.
The Revenue Bond Index, which measures 30-year revenue bond yields, increased two basis points this week, to 5.06%. This is its highest level since Sept. 15, 2011 (four weeks ago), when it was 5.11%.
The Bond Buyer’s One-Year Note Index rose two basis points this week, to 0.31%, but remained below its 0.33% level from two weeks ago.
The yield on the U.S. Treasury’s 10-year gained 19 basis points this week, to 2.18%, which is the highest it has been since Aug. 25, 2011 (seven weeks ago), when it was 2.23%.
The yield on the Treasury’s 30-year bond also increased 19 basis points this week, to 3.15%. This is the highest it has been since Sept. 15, 2011 (four weeks ago), when it was 3.36%.
-
The focus on Wednesday has been on the primary market, particularly the six-part $2.4 billion deal from the New York State Thruway Authority, which came a little wider than where the issuer had been trading in the secondary market.
July 15 -
"Currently, we are spending a lot more time of our day in the regulatory space in responding to proposed rules and changes," GFOA's Paige Mellerio said.
July 15 -
Federal Reserve Gov. Lisa Cook said risks, including geopolitical tensions, are tilted toward higher inflation in the near term.
July 15 -
Advocates in Congress are now looking at the possibilities for the Modernizing Agricultural and Manufacturing Bonds Act offered by a third reconciliation bill, a lame duck session, or Trump-propelled legislation early next year.
July 15 -
Given the vastness of the municipal bond universe, analysts have credited some technologies for providing participants witthe ability to better manage, evaluate and navigate the market.
July 15 -
Fitch Ratings upgraded Cook County to AA-plus from AA on Monday, citing the county's moderating long-term liability burden and sustained resource base growth.
July 15










