In the week ended Sept. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.76% from 3.74% 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 one basis point lower to 2.83% from 2.84% the prior week. It is at its lowest level in nine weeks.
The 11-Bond GO Index of higher-grade 20-year GO yields dipped one basis point to 2.41% from 2.42% from 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 lower by one basis point to 3.05% from 3.06% last week. It is at its lowest level since July 14 when it was at 2.98%.
The yield on the U.S. Treasury's 10-year note was five basis points higher to 1.62% from 1.57%, while the yield on the Treasury's 30-year increased eight basis points to 2.32% from 2.24% last week.
