The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined 10 basis points this week, to 3.71%. It is at its lowest level since Feb. 23, 2012 (11 weeks ago), when it was 3.69%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped 10 basis points this week, to 3.49%. This is its lowest level since March 1, 2012 (10 weeks ago), when it was 3.47%.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell four basis points this week, to 4.73%. It is at its lowest level since March 1, 2012 (10 weeks ago), when it was also 4.73%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, declined two basis points this week, to 0.25%. This is its lowest level since April 18, 2012 (three weeks ago), when it was 0.23%.
The yield on the U.S. Treasury’s 10-year note dropped four basis points this week, to 1.89%. It is at its lowest level since Feb. 2, 2012 (14 weeks ago), when it was 1.83%.
The yield on the Treasury’s 30-year bond fell six basis points this week, to 3.06%, which is its lowest level since Feb. 2, 2012 (14 weeks ago), when it was 3.01%.
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The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion
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High-yield muni issuance totals $20 billion year-to-date, "reflecting normalization from relatively depressed levels in 2023 ($7.6 billion over the comparable period), and now virtually equal to the trailing five-year average for the period ($20.1 billion)," said J.P. Morgan strategists, led by Peter DeGroot.
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Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney's Office announced Thursday.
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The privately placed taxable bonds to be issued through Bernalillo County will help finance a manufacturing facility for Ebon Solar.
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"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.
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The continuing resolution to keep the government funded was passed without the inclusion of controversial legislation requiring proof of citizenship in order to vote.
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