The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined eight basis points this week, to 3.99% for the week ending Jan. 17, 2013. This is its lowest weekly average since the week ended Dec. 13, 2012 (five weeks ago), when it was 3.93%.
The 20-Bond GO Index of 20-year general obligation yields declined seven basis points this week, to 3.53%. This is the lowest level for the index since Dec. 13, 2012 (five weeks ago), when it was 3.44%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped seven basis points this week, to 3.29%, which is its lowest level since Dec. 13, 2012 (five weeks ago), when it was 3.20%.
The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, fell four basis points this week, to 4.22% -- its lowest level since Dec. 13, 2012 (five weeks ago), when it was 4.12%.
The yield on the U.S. Treasury’s 10-year note declined three basis points this week, to 1.87%. This is the lowest level for the 10-year yield since Dec. 27, 2012 (three weeks ago), when it was 1.72%.
The yield on the Treasury’s 30-year bond dropped two basis points this week, to 3.06%, which is the lowest it has been since Dec. 27, 2012 (three weeks ago), when it was 2.90%.
The Bond Buyer’s One-Year Note Index, which was based on one-year GO note yields, has been discontinued because of a lack of market information.
