State and local governments can currently borrow at remarkably low rates: Bond Buyer 20 Index, 1979–2016
| Date | 20-Bond GO index |
|---|---|
| 1979-01-01 | 6.47 |
| 1979-02-01 | 6.31 |
| 1979-03-01 | 6.33 |
| 1979-04-01 | 6.29 |
| 1979-05-01 | 6.25 |
| 1979-06-01 | 6.13 |
| 1979-07-01 | 6.13 |
| 1979-08-01 | 6.20 |
| 1979-09-01 | 6.52 |
| 1979-10-01 | 7.08 |
| 1979-11-01 | 7.30 |
| 1979-12-01 | 7.22 |
| 1980-01-01 | 7.35 |
| 1980-02-01 | 8.16 |
| 1980-03-01 | 9.17 |
| 1980-04-01 | 8.63 |
| 1980-05-01 | 7.59 |
| 1980-06-01 | 7.63 |
| 1980-07-01 | 8.13 |
| 1980-08-01 | 8.67 |
| 1980-09-01 | 8.94 |
| 1980-10-01 | 9.11 |
| 1980-11-01 | 9.56 |
| 1980-12-01 | 10.11 |
| 1981-01-01 | 9.66 |
| 1981-02-01 | 10.10 |
| 1981-03-01 | 10.16 |
| 1981-04-01 | 10.62 |
| 1981-05-01 | 10.78 |
| 1981-06-01 | 10.67 |
| 1981-07-01 | 11.14 |
| 1981-08-01 | 12.26 |
| 1981-09-01 | 12.92 |
| 1981-10-01 | 12.83 |
| 1981-11-01 | 11.89 |
| 1981-12-01 | 12.91 |
| 1982-01-01 | 13.28 |
| 1982-02-01 | 12.97 |
| 1982-03-01 | 12.82 |
| 1982-04-01 | 12.58 |
| 1982-05-01 | 11.95 |
| 1982-06-01 | 12.38 |
| 1982-07-01 | 12.28 |
| 1982-08-01 | 11.23 |
| 1982-09-01 | 10.66 |
| 1982-10-01 | 9.69 |
| 1982-11-01 | 10.06 |
| 1982-12-01 | 9.96 |
| 1983-01-01 | 9.50 |
| 1983-02-01 | 9.58 |
| 1983-03-01 | 9.20 |
| 1983-04-01 | 9.05 |
| 1983-05-01 | 9.11 |
| 1983-06-01 | 9.52 |
| 1983-07-01 | 9.53 |
| 1983-08-01 | 9.72 |
| 1983-09-01 | 9.58 |
| 1983-10-01 | 9.66 |
| 1983-11-01 | 9.75 |
| 1983-12-01 | 9.89 |
| 1984-01-01 | 9.63 |
| 1984-02-01 | 9.64 |
| 1984-03-01 | 9.94 |
| 1984-04-01 | 9.96 |
| 1984-05-01 | 10.49 |
| 1984-06-01 | 10.67 |
| 1984-07-01 | 10.42 |
| 1984-08-01 | 9.99 |
| 1984-09-01 | 10.10 |
| 1984-10-01 | 10.25 |
| 1984-11-01 | 10.17 |
| 1984-12-01 | 9.95 |
| 1985-01-01 | 9.51 |
| 1985-02-01 | 9.65 |
| 1985-03-01 | 9.77 |
| 1985-04-01 | 9.42 |
| 1985-05-01 | 9.01 |
| 1985-06-01 | 8.69 |
| 1985-07-01 | 8.81 |
| 1985-08-01 | 9.08 |
| 1985-09-01 | 9.27 |
| 1985-10-01 | 9.08 |
| 1985-11-01 | 8.54 |
| 1985-12-01 | 8.43 |
| 1986-01-01 | 8.08 |
| 1986-02-01 | 7.44 |
| 1986-03-01 | 7.08 |
| 1986-04-01 | 7.20 |
| 1986-05-01 | 7.54 |
| 1986-06-01 | 7.87 |
| 1986-07-01 | 7.51 |
| 1986-08-01 | 7.21 |
| 1986-09-01 | 7.11 |
| 1986-10-01 | 7.08 |
| 1986-11-01 | 6.85 |
| 1986-12-01 | 6.86 |
| 1987-01-01 | 6.61 |
| 1987-02-01 | 6.61 |
| 1987-03-01 | 6.66 |
| 1987-04-01 | 7.55 |
| 1987-05-01 | 8.01 |
| 1987-06-01 | 7.79 |
| 1987-07-01 | 7.72 |
| 1987-08-01 | 7.82 |
| 1987-09-01 | 8.26 |
| 1987-10-01 | 8.70 |
| 1987-11-01 | 7.95 |
| 1987-12-01 | 7.96 |
| 1988-01-01 | 7.70 |
| 1988-02-01 | 7.49 |
| 1988-03-01 | 7.74 |
| 1988-04-01 | 7.81 |
| 1988-05-01 | 7.91 |
| 1988-06-01 | 7.78 |
| 1988-07-01 | 7.76 |
| 1988-08-01 | 7.79 |
| 1988-09-01 | 7.66 |
| 1988-10-01 | 7.47 |
| 1988-11-01 | 7.46 |
| 1988-12-01 | 7.61 |
| 1989-01-01 | 7.35 |
| 1989-02-01 | 7.44 |
| 1989-03-01 | 7.59 |
| 1989-04-01 | 7.49 |
| 1989-05-01 | 7.25 |
| 1989-06-01 | 7.02 |
| 1989-07-01 | 6.96 |
| 1989-08-01 | 7.06 |
| 1989-09-01 | 7.26 |
| 1989-10-01 | 7.22 |
| 1989-11-01 | 7.14 |
| 1989-12-01 | 6.98 |
| 1990-01-01 | 7.10 |
| 1990-02-01 | 7.22 |
| 1990-03-01 | 7.29 |
| 1990-04-01 | 7.39 |
| 1990-05-01 | 7.35 |
| 1990-06-01 | 7.24 |
| 1990-07-01 | 7.19 |
| 1990-08-01 | 7.32 |
| 1990-09-01 | 7.43 |
| 1990-10-01 | 7.49 |
| 1990-11-01 | 7.18 |
| 1990-12-01 | 7.09 |
| 1991-01-01 | 7.08 |
| 1991-02-01 | 6.91 |
| 1991-03-01 | 7.10 |
| 1991-04-01 | 7.02 |
| 1991-05-01 | 6.95 |
| 1991-06-01 | 7.13 |
| 1991-07-01 | 7.05 |
| 1991-08-01 | 6.90 |
| 1991-09-01 | 6.80 |
| 1991-10-01 | 6.68 |
| 1991-11-01 | 6.73 |
| 1991-12-01 | 6.69 |
| 1992-01-01 | 6.54 |
| 1992-02-01 | 6.74 |
| 1992-03-01 | 6.76 |
| 1992-04-01 | 6.67 |
| 1992-05-01 | 6.57 |
| 1992-06-01 | 6.49 |
| 1992-07-01 | 6.13 |
| 1992-08-01 | 6.16 |
| 1992-09-01 | 6.25 |
| 1992-10-01 | 6.41 |
| 1992-11-01 | 6.36 |
| 1992-12-01 | 6.22 |
| 1993-01-01 | 6.16 |
| 1993-02-01 | 5.87 |
| 1993-03-01 | 5.64 |
| 1993-04-01 | 5.76 |
| 1993-05-01 | 5.73 |
| 1993-06-01 | 5.63 |
| 1993-07-01 | 5.57 |
| 1993-08-01 | 5.45 |
| 1993-09-01 | 5.29 |
| 1993-10-01 | 5.25 |
| 1993-11-01 | 5.47 |
| 1993-12-01 | 5.35 |
| 1994-01-01 | 5.31 |
| 1994-02-01 | 5.40 |
| 1994-03-01 | 5.91 |
| 1994-04-01 | 6.23 |
| 1994-05-01 | 6.19 |
| 1994-06-01 | 6.11 |
| 1994-07-01 | 6.23 |
| 1994-08-01 | 6.21 |
| 1994-09-01 | 6.28 |
| 1994-10-01 | 6.52 |
| 1994-11-01 | 6.97 |
| 1994-12-01 | 6.80 |
| 1995-01-01 | 6.53 |
| 1995-02-01 | 6.22 |
| 1995-03-01 | 6.10 |
| 1995-04-01 | 6.02 |
| 1995-05-01 | 5.95 |
| 1995-06-01 | 5.84 |
| 1995-07-01 | 5.92 |
| 1995-08-01 | 6.06 |
| 1995-09-01 | 5.91 |
| 1995-10-01 | 5.80 |
| 1995-11-01 | 5.64 |
| 1995-12-01 | 5.45 |
| 1996-01-01 | 5.43 |
| 1996-02-01 | 5.43 |
| 1996-03-01 | 5.79 |
| 1996-04-01 | 5.94 |
| 1996-05-01 | 5.98 |
| 1996-06-01 | 6.02 |
| 1996-07-01 | 5.92 |
| 1996-08-01 | 5.76 |
| 1996-09-01 | 5.87 |
| 1996-10-01 | 5.72 |
| 1996-11-01 | 5.59 |
| 1996-12-01 | 5.64 |
| 1997-01-01 | 5.72 |
| 1997-02-01 | 5.63 |
| 1997-03-01 | 5.76 |
| 1997-04-01 | 5.88 |
| 1997-05-01 | 5.70 |
| 1997-06-01 | 5.53 |
| 1997-07-01 | 5.35 |
| 1997-08-01 | 5.41 |
| 1997-09-01 | 5.39 |
| 1997-10-01 | 5.38 |
| 1997-11-01 | 5.33 |
| 1997-12-01 | 5.18 |
| 1998-01-01 | 5.04 |
| 1998-02-01 | 5.10 |
| 1998-03-01 | 5.21 |
| 1998-04-01 | 5.23 |
| 1998-05-01 | 5.20 |
| 1998-06-01 | 5.12 |
| 1998-07-01 | 5.15 |
| 1998-08-01 | 5.10 |
| 1998-09-01 | 4.99 |
| 1998-10-01 | 4.93 |
| 1998-11-01 | 5.03 |
| 1998-12-01 | 4.98 |
| 1999-01-01 | 5.01 |
| 1999-02-01 | 5.03 |
| 1999-03-01 | 5.10 |
| 1999-04-01 | 5.07 |
| 1999-05-01 | 5.18 |
| 1999-06-01 | 5.37 |
| 1999-07-01 | 5.39 |
| 1999-08-01 | 5.58 |
| 1999-09-01 | 5.69 |
| 1999-10-01 | 5.92 |
| 1999-11-01 | 5.86 |
| 1999-12-01 | 5.95 |
| 2000-01-01 | 6.07 |
| 2000-02-01 | 6.00 |
| 2000-03-01 | 5.83 |
| 2000-04-01 | 5.75 |
| 2000-05-01 | 6.00 |
| 2000-06-01 | 5.80 |
| 2000-07-01 | 5.63 |
| 2000-08-01 | 5.51 |
| 2000-09-01 | 5.56 |
| 2000-10-01 | 5.59 |
| 2000-11-01 | 5.54 |
| 2000-12-01 | 5.23 |
| 2001-01-01 | 5.10 |
| 2001-02-01 | 5.18 |
| 2001-03-01 | 5.13 |
| 2001-04-01 | 5.27 |
| 2001-05-01 | 5.29 |
| 2001-06-01 | 5.20 |
| 2001-07-01 | 5.20 |
| 2001-08-01 | 5.03 |
| 2001-09-01 | 5.09 |
| 2001-10-01 | 5.05 |
| 2001-11-01 | 5.04 |
| 2001-12-01 | 5.25 |
| 2002-01-01 | 5.16 |
| 2002-02-01 | 5.11 |
| 2002-03-01 | 5.29 |
| 2002-04-01 | 5.22 |
| 2002-05-01 | 5.19 |
| 2002-06-01 | 5.09 |
| 2002-07-01 | 5.02 |
| 2002-08-01 | 4.95 |
| 2002-09-01 | 4.73 |
| 2002-10-01 | 4.88 |
| 2002-11-01 | 4.95 |
| 2002-12-01 | 4.85 |
| 2003-01-01 | 4.90 |
| 2003-02-01 | 4.81 |
| 2003-03-01 | 4.76 |
| 2003-04-01 | 4.74 |
| 2003-05-01 | 4.41 |
| 2003-06-01 | 4.33 |
| 2003-07-01 | 4.74 |
| 2003-08-01 | 5.10 |
| 2003-09-01 | 4.92 |
| 2003-10-01 | 4.89 |
| 2003-11-01 | 4.73 |
| 2003-12-01 | 4.64 |
| 2004-01-01 | 4.61 |
| 2004-02-01 | 4.55 |
| 2004-03-01 | 4.41 |
| 2004-04-01 | 4.82 |
| 2004-05-01 | 5.07 |
| 2004-06-01 | 5.05 |
| 2004-07-01 | 4.87 |
| 2004-08-01 | 4.70 |
| 2004-09-01 | 4.56 |
| 2004-10-01 | 4.49 |
| 2004-11-01 | 4.52 |
| 2004-12-01 | 4.48 |
| 2005-01-01 | 4.41 |
| 2005-02-01 | 4.35 |
| 2005-03-01 | 4.57 |
| 2005-04-01 | 4.46 |
| 2005-05-01 | 4.31 |
| 2005-06-01 | 4.23 |
| 2005-07-01 | 4.31 |
| 2005-08-01 | 4.32 |
| 2005-09-01 | 4.29 |
| 2005-10-01 | 4.50 |
| 2005-11-01 | 4.57 |
| 2005-12-01 | 4.46 |
| 2006-01-01 | 4.37 |
| 2006-02-01 | 4.41 |
| 2006-03-01 | 4.44 |
| 2006-04-01 | 4.58 |
| 2006-05-01 | 4.59 |
| 2006-06-01 | 4.60 |
| 2006-07-01 | 4.61 |
| 2006-08-01 | 4.39 |
| 2006-09-01 | 4.27 |
| 2006-10-01 | 4.30 |
| 2006-11-01 | 4.14 |
| 2006-12-01 | 4.11 |
| 2007-01-01 | 4.23 |
| 2007-02-01 | 4.22 |
| 2007-03-01 | 4.15 |
| 2007-04-01 | 4.26 |
| 2007-05-01 | 4.31 |
| 2007-06-01 | 4.60 |
| 2007-07-01 | 4.56 |
| 2007-08-01 | 4.67 |
| 2007-09-01 | 4.51 |
| 2007-10-01 | 4.41 |
| 2007-11-01 | 4.46 |
| 2007-12-01 | 4.42 |
| 2008-01-01 | 4.27 |
| 2008-02-01 | 4.64 |
| 2008-03-01 | 4.93 |
| 2008-04-01 | 4.70 |
| 2008-05-01 | 4.58 |
| 2008-06-01 | 4.72 |
| 2008-07-01 | 4.68 |
| 2008-08-01 | 4.69 |
| 2008-09-01 | 4.86 |
| 2008-10-01 | 5.50 |
| 2008-11-01 | 5.23 |
| 2008-12-01 | 5.49 |
| 2009-01-01 | 5.03 |
| 2009-02-01 | 4.90 |
| 2009-03-01 | 4.99 |
| 2009-04-01 | 4.78 |
| 2009-05-01 | 4.55 |
| 2009-06-01 | 4.81 |
| 2009-07-01 | 4.72 |
| 2009-08-01 | 4.60 |
| 2009-09-01 | 4.24 |
| 2009-10-01 | 4.20 |
| 2009-11-01 | 4.37 |
| 2009-12-01 | 4.21 |
| 2010-01-01 | 4.33 |
| 2010-02-01 | 4.36 |
| 2010-03-01 | 4.37 |
| 2010-04-01 | 4.41 |
| 2010-05-01 | 4.29 |
| 2010-06-01 | 4.36 |
| 2010-07-01 | 4.32 |
| 2010-08-01 | 4.03 |
| 2010-09-01 | 3.87 |
| 2010-10-01 | 3.87 |
| 2010-11-01 | 4.40 |
| 2010-12-01 | 4.92 |
| 2011-01-01 | 5.28 |
| 2011-02-01 | 5.15 |
| 2011-03-01 | 4.92 |
| 2011-04-01 | 4.99 |
| 2011-05-01 | 4.60 |
| 2011-06-01 | 4.51 |
| 2011-07-01 | 4.52 |
| 2011-08-01 | 4.02 |
| 2011-09-01 | 4.01 |
| 2011-10-01 | 4.13 |
| 2011-11-01 | 4.05 |
| 2011-12-01 | 3.95 |
| 2012-01-01 | 3.68 |
| 2012-02-01 | 3.66 |
| 2012-03-01 | 3.91 |
| 2012-04-01 | 3.95 |
| 2012-05-01 | 3.77 |
| 2012-06-01 | 3.94 |
| 2012-07-01 | 3.78 |
| 2012-08-01 | 3.74 |
| 2012-09-01 | 3.73 |
| 2012-10-01 | 3.65 |
| 2012-11-01 | 3.46 |
| 2012-12-01 | 3.48 |
| 2013-01-01 | 3.60 |
| 2013-02-01 | 3.72 |
| 2013-03-01 | 3.96 |
| 2013-04-01 | 3.92 |
| 2013-05-01 | 3.72 |
| 2013-06-01 | 4.27 |
| 2013-07-01 | 4.56 |
| 2013-08-01 | 4.82 |
| 2013-09-01 | 4.79 |
| 2013-10-01 | 4.56 |
| 2013-11-01 | 4.60 |
| 2013-12-01 | 4.73 |
| 2014-01-01 | 4.59 |
| 2014-02-01 | 4.44 |
| 2014-03-01 | 4.46 |
| 2014-04-01 | 4.35 |
| 2014-05-01 | 4.29 |
| 2014-06-01 | 4.35 |
| 2014-07-01 | 4.33 |
| 2014-08-01 | 4.23 |
| 2014-09-01 | 4.13 |
| 2014-10-01 | 3.96 |
| 2014-11-01 | 3.96 |
| 2014-12-01 | 3.67 |
| 2015-01-01 | 3.36 |
| 2015-02-01 | 3.58 |
| 2015-03-01 | 3.59 |
| 2015-04-01 | 3.51 |
| 2015-05-01 | 3.76 |
| 2015-06-01 | 3.82 |
| 2015-07-01 | 3.79 |
| 2015-08-01 | 3.74 |
| 2015-09-01 | 3.78 |
| 2015-10-01 | 3.67 |
| 2015-11-01 | 3.68 |
| 2015-12-01 | 3.57 |
| 2016-01-01 | 3.41 |
| 2016-02-01 | 3.30 |
| 2016-03-01 | 3.38 |
| 2016-04-01 | 3.30 |
| 2016-05-01 | 3.29 |
| 2016-06-01 | 3.01 |
| 2016-07-01 | 2.83 |
| 2016-08-01 | 2.85 |
| 2016-09-01 | 2.93 |
| 2016-10-01 | 3.27 |
| 2016-11-01 | 3.59 |
| 2016-12-01 | 3.86 |
Note: The Bond Buyer 20 index consists of 20 general obligation municipal bonds that mature in 20 years. Index is based on surveys of municipal bond traders by The Bond Buyer rather than actual prices or yields. Data displayed here reflect monthly averages of the index.
Source: EPI analysis of The Bond Buyer 20-Bond GO Index