Bond Buyer Indexes Narrowly Mixed

In the week ended June 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was six basis points lower to 3.80%, from 3.86% the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation was unchanged at 3.18% from the prior week. It is at its lowest level since May 13, 1965 when it stood at 3.14%.

The 11-Bond GO Index of higher-grade 20-year GO yields was flat at 2.70% from the previous week. It is at its lowest level since Jan. 23, 1958 when it was at 2.70%.

The Bond Buyer's Revenue Bond Index was steady at 3.38% from last week, remaining at the all-time low since the data began being counted in Sept. 20, 1979.

The yield on the U.S. Treasury's 10-year note was 10 basis points lower to 1.58% from 1.68%, while the yield on the Treasury's 30-year decreased nine basis points to 2.39% from 2.48% last week.

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