Newsletters > Public Finance Update > July 29, 2011
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July 29, 2011
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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© 2013 Goodwin Procter LLP. All rights reserved. This informational piece, which may be considered advertising under the ethical rules of certain jurisdictions, is provided with the understanding that it does not constitute the rendering of legal advice or other professional advice by Goodwin Procter LLP, Goodwin Procter (UK) LLP or their attorneys. Prior results do not guarantee similar outcome.

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IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this informational piece (including any attachments) is not intended or written to be used, and may not be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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