Bond Buyer Indexes Dip

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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined two basis points this week, to 5.30% for the week ending Sept. 12, 2013. But it remained above the weekly average of 5.28% from two weeks ago (the week ended Aug. 29, 2013).

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields declined 10 basis points this week, to 4.93%. This is the lowest level for the index since Aug. 22, 2013 (three weeks ago), when it was 4.91%.

The 11-Bond GO Index of higher-grade 20-year GO yields dropped eight basis points this week, to 4.67%, which is its lowest level since Aug. 22, 2013 (three weeks ago), when it was also 4.67%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, fell four basis points this week, to 5.31%. But it remained above its 5.30% level from two weeks ago.

The yield on the U.S. Treasury’s 10-year note declined seven basis points this week, to 2.91%, but remained above its 2.75% level from two weeks ago.

The yield on the Treasury’s 30-year bond dropped three basis points this week, to 3.85%. But it is still higher than its 3.70% level from two weeks ago.

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