The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 3.72% from 3.75% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation was five basis points lower to 2.80% from 2.85% 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 dropped five basis points lower to 2.39% from 2.44% 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 decreased five basis points to 2.98% from 3.03% 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 nine basis points lower to 1.39% from 1.48%, while the yield on the Treasury's 30-year decreased 16 basis points to 2.14% from 2.30% last week.
