Muni Bond Indexes Fall in Latest Week

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields dropped to its lowest level in more than a year as it fell 11 basis points in the week ended Dec. 3 to 3.83% from 3.94% in the previous week. The last time the index was lower was on May 16, 2013 when it stood at 3.61%.

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The 11-Bond GO Index of higher-grade 20-year GO yields also lost 11 basis points, to 3.68% from 3.79% the previous week. It is also at its lowest level in more than a year; it stood at 3.60% on May 30, 2013.

The Bond Buyer's 25-bond Revenue Bond Index dropped eight basis points to 4.50% from 4.58% the previous week. It is at its lowest level since Oct. 23 when it was 4.49%.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell five basis points to 4.35% from 4.40% for the week ending Dec. 4.

The yield on the U.S. Treasury's 10-year note lost two basis points to 2.25%. It stands at its lowest level since Oct. 16, when it was 2.16%. The yield on the Treasury's 30-year bond fell two basis points to 2.95%. It stands at its lowest level since Oct. 16, when it was 2.94%.

 

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