The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased two basis points to 4.45% for the week ended June 18 from 4.47% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation was eight basis points lower to 3.79% from 3.87% for the week ended June 11. It is at its lowest level since May 28, when it stood at 3.73%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped seven basis points to 3.39% from 3.46% from the prior week. It is at its lowest level in 10 weeks when it stood at 3.30%.
The Bond Buyer's Revenue Bond Index slipped two basis points to 4.26%, from 4.28% from the week ended June 11. It is at its lowest level since April 23, when it stood at 4.22%.
The yield on the U.S. Treasury's 10-year note declined four basis points to 2.35% from 2.39%, while the yield on the Treasury's 30-year bond was up three basis points to 3.14% from 3.11% the week before.
