BB index yields drop across the board
In the week ended Nov. 29, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.21% from 4.23% last week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined to 4.22% from 4.26% in the previous week. It is at its lowest level since Sept. 17, when it was at 4.18%.
The 11-bond GO Index of higher-grade 11-year GOs decreased to 3.73% from 3.76% in the previous week. It is at its lowest level since Oct. 4, when it was 3.71%.
The Bond Buyer's Revenue Bond Index dropped to 4.68% from 4.75% the week before. It is at its lowest level since Oct. 4, when it was also at 4.75%.
The yield on the U.S. Treasury's 10-year note fell to 3.03% from 3.07%, while the yield on the 30-year Treasury inched up to 3.33% from 3.32%.