In the week ended April 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 3.98% from 4.03% 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 10 basis points lower to 3.28% from 3.38% from the previous week. It is at its lowest level since Feb. 18 when it stood at 3.27%.
The 11-Bond GO Index of higher-grade 11-year GO yields decreased 10 basis points to 2.80% from 2.90% from the prior week. It is at its lowest level since eight weeks ago when it stood at 2.79%.
The Bond Buyer's Revenue Bond Index fell seven basis points to 3.69% from 3.76% last week. It is at its lowest level since it started being tracked on Sept. 20, 1979.
The yield on the U.S. Treasury's 10-year note was down eight basis points to 1.70% from 1.78%, while the yield on the Treasury's 30-year bond was 10 basis points lower to 2.52% from 2.62% in the previous week.
