In the week ended July 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose one basis points to 3.80% from 3.79% 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 was two basis points lower to 2.85%, from 2.87% the prior week. It is at its lowest level in three weeks.
The 11-Bond GO Index of higher-grade 20-year GO yields decreased two basis points to 2.43%, from 2.45% the previous week. It is at its lowest level since July 14, when it was at 2.39%.
The Bond Buyer's Revenue Bond Index was unchanged from 3.06% last week. It is at its highest level since June 23 when it was at 3.08%.
The yield on the U.S. Treasury's 10-year note was three basis points lower to 1.51% from 1.56%, while the yield on the Treasury's 30-year decreased six basis points to 2.23% from 2.29% last week.
