The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined four basis points this week, to 4.01% for the week ending May 2, 2013. It is the lowest weekly average for the yield to maturity since the week ended Jan. 31, 2013 (13 weeks ago), when it was 3.99%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields declined 13 basis points this week, to 3.77%.This is its lowest level since Feb. 28, 2013 (nine weeks ago), when it was 3.74%.

The 11-Bond GO Index of higher-grade 20-year GO yields also dropped 13 basis points this week, to 3.54%, which is its lowest level since Feb. 28, 2013 (nine weeks ago), when it was 3.52%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, fell 10 basis points this week, to 4.19%. This is its lowest level since Dec. 13, 2012 (20 weeks ago), when it was 4.12%.

The yield on the U.S. Treasury’s 10-year note declined nine basis points this week, to 1.63%, which is its lowest level since Dec. 6, 2012 (21 weeks ago), when it was 1.58%.

The yield on the Treasury’s 30-year bond also dropped nine basis points this week, to 2.82%. This is its lowest level since Dec. 6, 2012 (21 weeks ago), when it was 2.77%.

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