Muni Indexes Stable Despite Treasury Yield Decline

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was up 1 basis point to 4.65 for the week ending April 24.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields ticked up one basis point to 4.33%, the highest since April 3.

The 11-Bond GO Index of higher-grade 20-year GO yields also climbed a single basis point to 4.04%, the highest since April 3.

The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields gained one basis point to 5.13%, the highest since April 10.

The yield on the U.S. Treasury's 10-year note slid 4 basis points to 2.69%, after jumping 9 basis points in the prior week.

The yield on the Treasury's 30-year bond fell seven basis points to 3.46%, the lowest since June 13.

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