For the week ended Jan. 8, 2015 the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell eight basis points to 4.21% from 4.29% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields decreased 14 basis points to 3.42% from 3.56% in the week ended Dec. 31. The last time the index was lower was on Dec. 6, 2012, when it stood at 3.27%.
The 11-Bond GO Index of higher-grade 20-year GO yields was also down 14 basis points, to 3.27% from 3.41% in the prior week. It is at its lowest level since Dec. 13, 2012, when it stood at 3.20%.
The Bond Buyer's Revenue Bond Index dropped 13 basis points to 4.26% from 4.39% in the previous week. The last time it was lower was on May 16, 2013.
The yield on the U.S. Treasury's 10-year note declined 16 basis points to 2.02% from 2.18% while the yield on the Treasury's 30-year bond fell 15 basis points to 2.60% from 2.75% in the prior week.
