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Bond Market Snapshot

In July, yields moved only slightly, increasing from 4.25% to 4.37% for 30-year municipal bonds and dropping from 4.28% to 4.26% on 30-year Treasuries.  Yields on 10-year municipal bonds increased from 2.61% to 2.74%, and remained slightly below the 2.95% yield for 10-year Treasury notes.

Source: Bloomberg (www.bloomberg.com)

Questions regarding the municipal bond market or any of the issues discussed in this Public Finance Update may be directed to Lewis Feldman, Chair of Goodwin Procter’s Los Angeles office and head of the firm’s Public Finance Practice, at lfeldman@goodwinprocter.com or 213.426.2688.

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