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Agency Department of the Treasury (152)
Measure Name Comparison of bond yields
Measure Last Modified
03-24-2025 10:58 a.m.
Measure Last Published
08-30-2024 02:13 p.m.
Status
Active
Data Source and Calculation
<p>The yields on fixed-rate, tax exempt bonds issued under programs staffed by the service area (i.e. general obligations bonds, bonds issued by the Virginia Public Building Authority, Virginia College Building Authority, and the Virginia Public School Authority) will be benchmarked against the Municipal Markets Data (MMD) spot yield.  The average life of the issue is rounded up to the nearest whole number of years and the bond yield obtained at the average life point is compared to the MMD.  The difference between the bond yield and MMD is computed.  A negative result means the bond sale resulted in a yield more favorable than the MMD.  The average for the quarter is taken.  The result should not exceed the average MMD yields by more than 10%.  Resulting averages will be averaged for the fiscal year.</p>
Enterprise Priorities and Strategies
Initiative Priority Strategy
Government and Citizens Fiscal Stewardship Manage public resources efficiently and effectively in challenging economic conditions.
Associated Service Areas
Service Area Code Service Area Name
72501 Debt Management
Targets and Baselines
Name Date Result Note
Baseline 06-30-2022 0.01
Short Target 2025 None
Long Target 2026 None
Results
Year Q1 Q2 Q3 Q4 Note
2015 0.13 0.23 0.39 0.41 Average for FY 2015 is 0.29+
2016 0.21 0.32 0.11 0.43 Average for FY 2016 is 0.27+.
2017 0.48 0.01 0.00 0.09 Average for FY 2017 is 0.22+.
2018 0.16 0.42 0.00 0.11 Average for FY 2018 is 0.18+.
2019 0.05 0.12 0.24 0.38 Average for FY 2019 is 0.17+
2020 0.00 0.30 0.27 0.52 Average for FY 2020 is 0.21+
2021 0.15 0.18 0.15 0.25 Average for FY 2021 is 0.22+
2022 0.22 0.12 0.25 0.42 Average for FY 2022 is 0.25+
2023 0.11 0.30 0.06 Average for FY 2023 is 0.
2024 0.00 0.15 0.02 0.14 Average for FY 2024 is 0.08+
Measure ID M152SA12002
Measure Class Other Agency
Measure Type Outcome
Year Type State FY
Preferred Trend Stable
Frequency Quarterly
Statistical Unit % of bond yield
sp134 Performance Measure - 06-07-2025 20:32:42