In the week ended Sept. 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was down five basis points to 4.42% from 4.47% 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 decreased seven basis points to 3.71% from 3.78% in the previous week. It is at its lowest level since Aug. 13, when it stood at 3.69%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped seven basis points to 3.23% from 3.30% in the prior week. It is at its lowest level in seven weeks, when it stood at 3.25%.
The Bond Buyer's Revenue Bond Index fell eight basis points to 4.10% from 4.18% from the week ended Sept. 17. It is at its lowest level since Aug. 20, when it stood at 4.08%.
The yield on the U.S. Treasury's 10-year note was eight basis points lower to 2.13% from 2.21%, while the yield on the Treasury's 30-year bond decreased 11 basis points to 2.91% from 3.02% in the previous week.
