In the week ended August 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell by two basis points to 4.37% from 4.39% 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 fell six basis points to 3.69% from 3.75% in the previous week. 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 also fell six basis points, to 3.21% from 3.27% in the prior week. It is at its lowest level since Jan. 29, when it stood at 3.21%.
The Bond Buyer's Revenue Bond Index dropped five basis points to 4.06% from 4.11% from the week ended Aug. 6. It is at its lowest level since Jan. 29, when it stood at 4.06%.
The yield on the U.S. Treasury's 10-year note declined four basis points to 2.19% from 2.23%, while the yield on the Treasury's 30-year bond decreased four basis points to 2.86% from 2.90% in the previous week.
