The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was higher to 3.86% from 3.84% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was two basis points lower to 3.52% from 3.54% the previous week. It is at its lowest level since Jan. 4, when it was at 3.44%.

The 11-Bond GO Index of higher-grade 11-year GO fell two basis points to 3.02% from2.04% the prior week. It is at its lowest level since two weeks ago, when it was at 2.94%.

The Bond Buyer's Revenue Bond Index dropped two basis points to 4.01% from 4.03% last week. It is at its lowest level since Jan. 4, when it was at 3.92%.

The yield on the U.S. Treasury's 10-year note increased to 2.63% from 2.54% in the previous week, while the yield on the Treasury's 30-year gained to 2.90% from 2.87% in the prior week.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.