In the week ended April 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from the previous week at 3.99%. The BB40 Index is based on the price of 40 long-term bonds.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields fell five basis points to 3.85% from 3.90% the previous week. It is at its lowest level since March 1, when it was at 3.85%.
The 11-Bond GO Index of higher-grade 11-year GOs dropped five basis points to 3.35%, equaling its lowest level in seven weeks, .
The Bond Buyer's Revenue Bond Index was lower by five basis points to 4.33% from 4.38% last week. It is at its lowest level since Feb. 15, when it was at 4.33%.
The yield on the U.S. Treasury's 10-year note nudged up to 2.84% from 2.83% the previous week, while the yield on the Treasury's 30-year decreased to 3.04% from 3.08% in the prior week.
