In the week ended March 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.22% from 4.27% 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 five basis points lower to 3.86% from 3.91% in the prior week. It is at its lowest level since Jan.19 when it was at 3.83%.
The 11-Bond GO Index of higher-grade 20-year GO yields decreased five basis points to 3.37% from 3.42% in the previous week. It is at its lowest since it was at 3.37% nine weeks ago.
The Bond Buyer's Revenue Bond Index dropped five basis points to 4.03% from 4.08% last week. It is at its lowest level since Feb. 9, when it was at 4.03%.
The yield on the U.S. Treasury's 10-year note rose one basis point to 2.42% from 2.41%, while the yield on the Treasury's 30-year bond was unchanged from 3.03% in the prior week.
