For the week ended May 28, 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 4.43% from 4.45% from the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation was eight basis points lower to 3.73% from 3.81% for the week ended May 21. It is at its lowest level since April 30, when it stood at 3.62%.
The 11-Bond GO Index of higher-grade 20-year GO yields fell eight basis points to 3.58% from 3.66% from the prior week. It is at its lowest level since April 30, when it stood at 3.47%.
The Bond Buyer's Revenue Bond Index dropped eight basis points to 4.48%, from 4.56% from the week ended May 21. It is at its lowest level since May 7, when it stood at 4.47%.
The yield on the U.S. Treasury's 10-year note declined five basis points to 2.14% from 2.19%, while the yield on the Treasury's 30-year bond was down nine basis points to 2.89% from 2.98% the week beforehand.
