In the week ended Jan. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.18% from 4.22% in 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 was down 12 basis points to 3.45% from 3.57% in the previous week. It is at its lowest level since April 16, 2015, when it stood at 3.45%.
The 11-Bond GO Index of higher-grade 20-year GO yields was 12 basis points lower to 2.96% from 3.08% in the prior week. It is at its lowest level since March 21, 1963 when it stood at 2.96%.
The Bond Buyer's Revenue Bond Index decreased 15 basis points lower to 3.78% from 3.93% in the prior week. This sets a new lowest level since the index was started in 1979.
The yield on the U.S. Treasury's 10-year note was down 15 basis points to 2.15% from 2.30%, while the yield on the Treasury's 30-year bond was 12 basis points lower at 2.93% from 3.05% in the previous week.
