Municipal Bonds and Treasuries
The September 2010 yield on AAA-rated municipal bonds dropped slightly from 4.31% to 4.08% for 30-year bonds and from 2.64% to 2.30% for 10-year bonds. Yields on 30-year treasury bonds held relatively steady at 3.74%, and yields on 10-year treasury notes rose slightly from 2.63% to 2.67%, rising above munis for the first time since June 2010.
Source: Bloomberg (www.bloomberg.com)
Recent Municipal Bond Transactions
| Issue Date |
Bonds |
Last Maturity |
Yield |
|
August 19, 2010 |
$66,300,000 Jurupa Public Financing Authority Revenue Bonds, 2010 Series A (Superior Lien Bonds) (Insured by Assured Guaranty Municipal Corp.) |
September 1, 2039 |
5.100% |
|
August 19, 2010 |
$20,085,000 Jurupa Public Financing Authority Revenue Bonds, 2010 Series B (Subordinate Lien Bonds) |
September 1, 2040 |
6.250% |
|
August 19, 2010 |
$9,240,000 Community Facilities District No. 3 (Eastvale Area) of Jurupa Community Services District Special Tax Refunding Bonds, Series A of 2010 |
September 1, 2039 |
8.625% |
|
August 17, 2010 |
$2,285,000 City of Desert Hot Springs Community Facilities District No. 2006-1 Improvement Area 1, Special Tax Refunding Bonds, Series 2010 |
September 1, 2038 |
6.540% |
|
August 11, 2010 |
$24,975,000 City of Orange Community Facilities District No. 06-1 (Del Rio Public Improvements), 2010 Special Tax Bonds |
October 1, 2040 |
6.070% |
|
August 11, 2010 |
$12,670,000 Community Facilities District No. 2008-1 of the Tejon Ranch Public Facilities Financing Authority (Tejon Industrial Complex Public Improvements – East), Special Tax Bonds, Series 2010-A |
September 1, 2040 |
7.375% |
|
August 11, 2010 |
California School Finance Authority Educational Facilities Revenue Bonds (High Tech High Chula Vista K-8 Project), Series 2010 Qualified School Construction Bonds (Direct Subsidy Bonds) |
September 1, 2020 |
5. |
Source: Goodwin Procter LLP
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