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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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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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