Bond Buyer Indexes Fall This Week

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined 12 basis points this week, to 4.60%, but remained well above its 4.24% level from two weeks ago.
 
The 11-Bond GO Index of higher-grade 20-year GO yields dropped 13 basis points this week, to 4.34%. But it is still much higher than its 3.98% level from two weeks ago.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, fell nine basis points this week, to 5.16%, but remains above its 4.87% level from two weeks ago.
 
The Bond Buyer's One-Year Note Index rose two basis points this week, to 0.56%, which is its highest level since July 7, 2010 (20 weeks ago), when it was 0.59%.
 
The yield on the U.S. Treasury's 10-year note dropped 14 basis points this week, to 2.77%. It is still higher than its 2.66% level from two weeks ago.
 
The yield on the Treasury's 30-year bond declined 11 basis points this week, to 4.18%, which is the lowest the yield has been since Nov. 4, 2010 (three weeks ago), when it was 4.04%.

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