For the week ended April 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased two basis points to 4.22% from 4.20% in the week ended March 26.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation was three basis points lower in yield at 3.49%, from 3.52% the previous week. It is at its lowest level since Jan. 29, when it stood at 3.36%.
The 11-Bond GO Index of higher-grade 20-year GO yields was also down three basis points at 3.34% from 3.37% week ended March 26. It is at its lowest level since Feb. 5, when it also stood at 3.34%.
The Bond Buyer's Revenue Bond Index was up one basis point to 4.18% from 4.17% the previous week. It is at its highest level in two weeks.
The yield on the U.S. Treasury's 10-year note sank 10 basis points to 1.91% from 2.01%, while the yield on the Treasury's 30-year bond declined seven basis points to 2.53% from 2.60%.
