Muni Bond Indexes Strengthen for Week Ended May 28

For the week ended May 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased two basis points to 4.43% from 4.45% from the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation was eight basis points lower to 3.73% from 3.81% for the week ended May 21. It is at its lowest level since April 30, when it stood at 3.62%.

The 11-Bond GO Index of higher-grade 20-year GO yields fell eight basis points to 3.58% from 3.66% from the prior week. It is at its lowest level since April 30, when it stood at 3.47%.

The Bond Buyer's Revenue Bond Index dropped eight basis points to 4.48%, from 4.56% from the week ended May 21. It is at its lowest level since May 7, when it stood at 4.47%.

The yield on the U.S. Treasury's 10-year note declined five basis points to 2.14% from 2.19%, while the yield on the Treasury's 30-year bond was down nine basis points to 2.89% from 2.98% the week beforehand.

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