Alert 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)