In the week ended July 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.97% from 3.96% 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 decreased two basis points to 3.83% from 3.85% the previous week. It is at its lowest level since May 31, when it was at 3.78%.
The 11-Bond GO Index of higher-grade 11-year GOs dropped two basis points to 3.31% from 3.33% the previous week. It is at its lowest level since four weeks ago, when it was 3.26%.
The Bond Buyer's Revenue Bond Index dipped one basis point to 4.33% from 4.34% last week. It is at its lowest level since May 31, when it was at 4.27%.
The yield on the U.S. Treasury's 10-year note was low/higher to 2.8x% from 2.86% from the previous week, while the yield on the 30-year Treasury was flat/up/down to 2.9x% from 2.95%.
