In the week ended May 5, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell three basis points to 3.93% from 3.96% 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 unchanged from 3.32% in the prior week. It is at its highest level since March 31 when it stood at 3.38%.
The 11-Bond GO Index of higher-grade 20-year GO yields was flat from 2.84% in the previous week. It is at its highest level since March 31 when it was at 2.90%.
The Bond Buyer's Revenue Bond Index fell 17 basis points to 3.54% from 3.71% last week, which puts it at its lowest ever since the data began being counted on Sept. 20, 1979.
The yield on the U.S. Treasury's 10-year note was eight basis points lower to 1.75% from 1.83%, while the yield on the Treasury's 30-year bond decreased eight basis points to 2.60% from 2.68% in the prior week.
