In the week ended March 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 4.06% from 4.08% 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 fell two basis points to 3.38% from 3.40% from the previous week. It is at its lowest level since March 3 when it stood at 3.34%.
The 11-Bond GO Index of higher-grade 11-year GO yields decreased two basis points to 2.90% from 2.92% from the prior week. It is at its lowest level in four weeks ago when it stood at 2.86%.
The Bond Buyer's Revenue Bond Index lost two basis points to 3.79% from3.81% last week. It is at its lowest level since March 3 when it was at 3.79%.
The yield on the U.S. Treasury's 10-year note was down three basis points to 1.88% from 1.91%, while the yield on the Treasury's 30-year bond was five basis points lower to 2.65% from 2.70% in the previous week.
