The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose two basis points this week, to 5.41%. This is the highest level for the index since Dec. 18, 2008 (109 weeks ago), when it was 5.46%.
The 11-Bond GO Index of higher-grade 20-year GO yields also increased two basis points this week, to 5.16%, which is its highest level since Dec. 18, 2008 (109 weeks ago), when it was 5.25%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained six basis points this week, to 5.66%. This is its highest level since Aug. 13, 2009 (75 weeks ago), when it was also 5.66%.
The Bond Buyer's One-Year Note Index declined three basis points this week, to 0.52%, which is its lowest level since Nov. 10, 2010 (10 weeks ago), when it was 0.46%.
The yield on the U.S. Treasury's 10-year note rose 13 basis points this week, to 3.44%. This is the note's highest yield since May 13, 2010 (36 weeks ago), when it was 3.55%.
The yield on the Treasury's 30-year bond gained 10 basis points this week, to 4.60%, which is its highest level since April 29, 2010 (38 weeks ago), when it was also 4.60%.
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The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
May 21 -
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
May 21 -
They are seeking legislation on transportation, water and other topics.
May 21 -
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.
May 21 -
The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.
May 21 -
The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.
May 21










