Most Bond Buyer Indexes Up This Week

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased five basis points this week, to 3.66%. But it remained below its 3.75% level from two weeks ago.

The 11-Bond GO Index of higher-grade 20-year GO yields gained four basis point this weeks, to 3.45%, but remained below its 3.54% level from two weeks ago.

The Revenue Bond Index, which measures 30-year revenue bond yields, rose two basis points this week, to 4.46%. It is still below its 4.51% level from two weeks ago.

The Bond Buyer's One-Year Note Index, which is based on one-year GO note yields, declined two basis points this week, to an all-time low of 0.21%. The previous record low of 0.22% was set on March 14, 2012, and matched on July 11, 2012. The index began July 12, 1989.

The yield on the U.S. Treasury's 10-year note gained five basis points this week, to 1.48%, but remained below its 1.52% level from two weeks ago.

The yield on the Treasury's 30-year bond rose six basis points this week, to 2.55%. It remained below its 2.61% level from two weeks ago.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged at 4.24% for the week ending today, remaining at its all-time low for a second consecutive week.

The Bond Buyer began calculating the average yield to maturity on Jan. 2, 1985.

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