The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell five basis points to 4.16% in the week ended Jan. 15, from 4.21% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields dipped 13 basis points to 3.29% from 3.42% in the week ended Jan. 8. The last time the index was at this number was on Nov. 29, 2012.
The 11-Bond GO Index of higher-grade 20-year GO yields was also down 13 basis points, to 3.14% from 3.27% the previous week. It is at its lowest level since Dec. 6, 2012, when it stood at 3.03%.
The Bond Buyer's Revenue Bond Index decreased 20 basis points to 4.06% from 4.26% in the previous week. It was only this low one time, when it was also 4.06% on Dec. 6, 2012.
The yield on the U.S. Treasury's 10-year note declined 26 basis points to 1.76% from 2.02%, while the yield on the Treasury's 30-year bond sunk 20 basis points to 2.40% from 2.60% in the week prior.
