BB indexes narrowly mixed; BB11 yield sinks to lowest in seven weeks
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.