The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, declined three basis points this week, to 4.28% -- its third 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 six basis points this week, to 3.61%. This is the lowest level for the index since July 26, 2012 (10 weeks ago), when it was also 3.61%.
The 11-Bond GO Index of higher-grade 20-year GO yields also fell six basis points this week, to 3.40%, which is its lowest level since Feb. 16, 2012 (33 weeks ago), when it was 3.39%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, increased one basis point this week, to 0.25%. This is the highest level for the index since Aug. 22, 2012 (six weeks ago), when it was 0.27%.
The yield on the U.S. Treasury’s 10-year note increased four basis points this week, to 1.68%, but remained below its 1.78% level from two weeks ago.
The yield on the Treasury’s 30-year bond rose seven basis points this week, to 2.89%. But it is still below its 2.96% level from two weeks ago.
