BB indexes strengthen in latest week, all dropping one BP
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.