Average Municipal Bond Yields -- Compiled Weekly
20-Bond 11-Bond 25-Bond 10-Year 30-Year
GO Index1 GO Index1 Revenue2 Treasury3 Treasury3
2000
MAY 26 6.01 5.95 6.27 6.38 6.10
19 6.05 5.98 6.28 6.55 6.23
12 6.02 5.96 6.23 6.44 6.15
5 5.93 5.87 6.15 6.44 6.18
APR 28 5.82 5.76 6.07 6.24 5.99
20 5.76 5.69 6.00 5.98 5.84
14 5.72 5.65 5.98 5.93 5.81
7 5.69 5.63 5.98 5.92 5.79
MAR 31 5.74 5.68 6.03 6.06 5.88
24 5.76 5.70 6.08 6.07 5.91
17 5.84 5.78 6.16 6.25 6.05
10 5.89 5.84 6.20 6.34 6.15
3 5.94 5.88 6.26 6.39 6.14
FEB 24 5.94 5.88 6.27 6.35 6.13
17 5.98 5.92 6.27 6.57 6.22
10 6.02 5.96 6.29 6.66 6.44
3 6.05 5.98 6.31 6.48 6.16
JAN 27 6.08 6.01 6.34 6.69 6.50
20 6.09 6.02 6.35 6.79 6.73
13 6.07 6.01 6.29 6.63 6.65
6 6.04 5.98 6.25 6.56 6.57
1999
DEC 29 6.00 5.93 6.23 6.39 6.44
22 6.00 5.93 6.22 6.38 6.46
16 5.96 5.90 6.17 6.30 6.38
9 5.89 5.83 6.13 6.13 6.21
2 5.91 5.84 6.14 6.24 6.32
NOV 24 5.87 5.80 6.11 6.08 6.20
18 5.84 5.77 6.10 6.05 6.16
10 5.83 5.77 6.08 5.97 6.08
4 5.88 5.82 6.09 5.95 6.09
OCT 28 5.99 5.92 6.18 6.12 6.25
21 5.98 5.92 6.17 6.20 6.36
14 5.89 5.82 6.11 6.17 6.32
7 5.80 5.73 6.02 6.04 6.18
SEP 30 5.73 5.66 5.96 5.88 6.05
23 5.71 5.65 5.93 5.79 6.01
16 5.69 5.63 5.92 5.90 6.07
9 5.67 5.60 5.90 5.97 6.09
2 5.67 5.60 5.89 6.02 6.13
19 5.65 5.58 5.86 5.81 6.02
12 5.57 5.50 5.84 6.07 6.26
5 5.49 5.42 5.71 5.87 6.04
JUL 29 5.41 5.34 5.65 5.88 6.07
22 5.35 5.28 5.59 5.78 5.96
15 5.36 5.29 5.59 5.72 5.91
8 5.41 5.34 5.61 5.83 6.00
1 5.42 5.35 5.61 5.83 6.01
JUN 24 5.45 5.38 5.62 6.05 6.17
17 5.38 5.31 5.52 5.79 5.95
10 5.34 5.27 5.53 5.92 6.04
3 5.29 5.23 5.46 5.78 5.94 (1) General obligation bonds maturing in 20 years are used in compiling these indexes. The 20-bond index has an average rating equivalent to Moody's Aa2 and S&P's AA-minus, while the 11-bond index is equivalent to Aa1 and AA-plus. The 11 bonds used in the higher-grade index are marked with an asterisk.
Moody's S&P Moody's S&P Moody's S&P Baltimore, Md. A1 A Houston, Tex. Aa3 AA- Pennsylvania Aa3 AA *California Aa3 AA- *Memphis, Tenn. Aa2 AA *Phoenix, Ariz. Aa1 AA+ Chicago, Ill A1 AA- Milwaukee, Wis. Aa1 AA+ Puerto Rico Baa1 A Dade Co., Fla. A1 A+ *New Jersey Aa1 AA+ *Seattle, Wash. Aaa AA+ *Denver, Colo. Aa2 AA New York City A3 A- *South Carolina Aaa AAA *Florida Aa2 AA+ New York State A2 A+ *Washington Aa1 AA+ *Georgia Aaa AAA *North Carolina Aaa AAA
Moody's S&P (2) Revenue bonds maturing in 30 years are used in compiling this index. It has an average rating equivalent to Moody's A1 and S&P's A-plus. The bonds and their ratings are: Atlanta, Ga., airport (AMT) A2 A California Housing Finance Agency, multi-unit rental (AMT) Aa2 A+ Connecticut Housing Finance Authority Aa2 AA Dallas-Fort Worth Regional Airport Board, Tex. (AMT) A1 A+ Illinois Health Facilities Authority (Northwestern Memorial Hospital) Aa2 AA Illinois Housing Development Authority, multi-family A1 A+ Intermountain Power Agency, Utah A1 A+ Jacksonville Electric Authority, Fla. electric revenue Aa2 AA Kentucky Turnpike Authority A1 A Los Angeles Department of Water and Power, Calif., electric revenue Aa3 A+ Maricopa Co. Industrial Development Authority, Ariz. (Samaritan Health Service) Baa1 BBB Massachusetts Port Authority (AMT) Aa3 AA- MEAG Power (Municipal Electric Authority of Georgia) A3 A Nebraska Public Power District, power supply A1 A+ New Jersey Turnpike Authority, turnpike revenue A3 A- New York Local Government Assistance Corp., revenue A3 AA- New York State Power Authority, general purpose Aa3 AA- North Carolina Municipal Power Agency No. 1, Catawba electric revenue A3 A- Port Authority of New York and New Jersey, consolidated (AMT) A1 AA- Puerto Rico Electric Power Authority Baa1 BBB+ Salt River Project Agricultural Improvement and Power District, Ariz., electric revenue Aa2 AA South Carolina Public Service Authority, electric revenue Aa2 AA- Texas Municipal Power Agency A2 A+ Virginia Housing Development Authority (AMT) Aa1 AA+ Washington Public Power Supply System, power revenue Aa1 AA- (3) Yield on the most current U.S. Treasury 10-year note and 30-year Treasury bond (Sources: GovPX Inc., Garvin GuyButler)
