Bond Buyer Indexes Strengthen for Second Week

In the week ended Feb. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell four basis points to 4.01% from 4.05% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields lost three basis points to 3.27% from 3.30% the previous week. It is at its lowest level since Dec. 6, 2012 when it stood at 3.27%.

The 11-Bond GO Index of higher-grade 20-year GO yields decreased three basis points to 2.79% from 2.82% in the prior week. It is at its lowest since April 24, 1958, when it stood at 2.77%.

The Bond Buyer's Revenue Bond Index yield was down two basis points to 3.76% from 3.78% in the prior week. It is at its lowest level in four weeks.

The yield on the U.S. Treasury's 10-year note was down 23 basis points to 1.64% from 1.87%, while the yield on the Treasury's 30-year bond was 21 basis points lower to 2.49% from 2.70% in the previous week.

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