In the week ended Aug. 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 3.75% from 3.76% 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 2.84% from the prior week. It is at its lowest level in seven weeks, when it was at 2.80%.
The 11-Bond GO Index of higher-grade 20-year GO yields was flat at 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 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 four basis points higher to 1.58% from 1.54%, while the yield on the Treasury's 30-year increased one basis point to 2.27% from 2.26% last week.
