In the week ended Feb. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell four basis points to 4.01% from 4.05% 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 lost three basis points to 3.27% from 3.30% the previous week. It is at its lowest level since Dec. 6, 2012 when it stood at 3.27%.
The 11-Bond GO Index of higher-grade 20-year GO yields decreased three basis points to 2.79% from 2.82% in the prior week. It is at its lowest since April 24, 1958, when it stood at 2.77%.
The Bond Buyer's Revenue Bond Index yield was down two basis points to 3.76% from 3.78% in the prior week. It is at its lowest level in four weeks.
The yield on the U.S. Treasury's 10-year note was down 23 basis points to 1.64% from 1.87%, while the yield on the Treasury's 30-year bond was 21 basis points lower to 2.49% from 2.70% in the previous week.
