The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields, declined six basis points this week, to 4.31% — its second consecutive all-time low. The Bond Buyer began calculating the revenue index on Sept. 20, 1979.
The 20-Bond GO Index of 20-year general obligation yields dropped five basis points this week, to 3.67%. This is the lowest level for the index since Aug. 2, 2012 (eight weeks ago), when it was 3.66%.
The 11-Bond GO Index of higher-grade 20-year GO yields also fell five basis points this week, to 3.46%, which is its lowest level since Aug. 2, 2012 (eight weeks ago), when it was 3.45%.
The Bond Buyer's One-Year Note Index, which is based on one-year GO note yields, increased one basis point this week, to 0.23%, but remained below its 0.24% level from two weeks ago.
The yield on the U.S. Treasury's 10-year note declined 14 basis points this week, to 1.64%. This is its lowest level since Aug. 30, 2012 (four weeks ago), when it was 1.63%.
The yield on the Treasury's 30-year bond also dropped 14 basis points this week, to 2.82%, which is its lowest level since Sept. 6, 2012 (three weeks ago), when it was 2.80%.
The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined five basis points this week, to an all-time low of 4.21% for the week ending today. The previous record low was 4.22%, set during the week ended Aug. 30, 2012 (four weeks ago). The Bond Buyer began calculating the yield to maturity on Jan. 1, 1985.
