In the week ended July 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.74% from 3.72% 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 unchanged at 2.80% from the prior week. It is at its lowest level since Aug. 16, 1956 when it stood at 2.79%.
The 11-Bond GO Index of higher-grade 20-year GO yields was steady at 2.39% from the previous week. It is at its lowest level since March 1, 1956 when it was at 2.35%.
The Bond Buyer's Revenue Bond Index was flat at 2.98% from last week. It is at its lowest level since data started being recorded on Sept. 20, 1979.
The yield on the U.S. Treasury's 10-year note was 14 basis points higher to 1.53% from 1.39%, while the yield on the Treasury's 30-year increased 10 basis points to 2.24% from 2.14% last week.
