The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased 13 basis points this week, to 4.59%. This is the highest level for the index since May 12 (seven weeks ago), when it was 4.61%.
The 11-Bond GO Index of higher-grade 20-year GO yields rose 10 basis points this week, to 4.30%, which is the highest it has been since May 12 (seven weeks ago), when it was 4.35%.
The Revenue Bond Index, which measures 30-year revenue bond yields, gained three basis points this week, to 5.34%. This is the highest the index has been since June 9 (three weeks ago), when it was also 5.34%.
The Bond Buyer’s One-Year Note Index was unchanged this week at its all-time low of 0.34%. The index began on July 20, 1989.
The yield on the U.S. Treasury’s 10-year note rose 25 basis points this week, to 3.17%. It is at its highest level since May 19 (six weeks ago), when it was 3.18%.
The yield on the Treasury’s 30-year bond rose 21 basis points this week, to 4.38%, which is the highest it has been since April 28 (nine weeks ago), when it was 4.42%.
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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










