BB indexes strengthen in latest week, all dropping one BP

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In the week ended March 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.00% from 4.01% the previous week. 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 one basis point to 3.89% from 3.90% the previous week. It is at its lowest level since March 15, 2017, when it was at 3.89%.

The 11-Bond GO Index of higher-grade 11-year GOs dropped one basis point to 3.39% from 3.40% the previous week. It is at its lowest level since 2 weeks ago, when it was at 3.39%.

The Bond Buyer's Revenue Bond Index was one basis point lower to 4.37% from 4.38% last week. It is at its lowest level since March 15, when it was at 4.37%.

The yield on the U.S. Treasury's 10-year note dipped to 2.78% from 2.83% the previous week, while the yield on the Treasury's 30-year decreased to 3.01% from 3.06% the previous week.

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