The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased 10 basis points this week, to 3.70%. This is the highest level for the index since Jan. 5, 2012 (five weeks ago), when it was 3.83%.
The 11-Bond GO Index of higher-grade 20-year GO yields rose eight basis points this week, to 3.42%, which is the same level as two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained seven basis points this week, to 4.77%. This is its highest level since Jan. 19, 2012 (three weeks ago), when it was also 4.77%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, was unchanged this week, at 0.25%.
The yield on the U.S. Treasury’s 10-year note increased 21 basis points this week, to 2.04%, which is its highest level since Dec. 1, 2011 (10 weeks ago), when it was 2.11%.
The yield on the Treasury’s 30-year bond gained 18 basis points this week, to 3.19%, which is its highest level since Oct. 27, 2011 (15 weeks ago), when it was 3.45%.
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In the wake of Citi's and UBS's exit from the municipal industry, other firms are seizing the opportunity to expand with new hires.
55m 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