In the week ended October 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.25% from 4.28% the previous week. The BB40 Index is based on the price of 40 long-term bonds.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined five basis points to 4.30% from 4.35% the previous week. It is at its lowest level since Oct. 4 when it was at 4.24%.
The 11-bond GO Index of higher-grade 11-year GOs decreased three basis points to 3.79% from 3.82% the previous week. It is at its lowest level since Oct. 4 when it was at 3.71%.
The Bond Buyer's Revenue Bond Index dropped six basis points to 4.80% from 4.86% last week. It is at its lowest level since Oct. 4 when it was at 4.75%.
The yield on the U.S. Treasury's 10-year note dipped to 3.35% from 3.36% while the yield on the 30-year Treasury lowered to 4.25% from 4.28%.
