The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined five basis points this week, to 4.95%. This is the lowest level for the index since Dec. 9, 2010 (three weeks ago), when it was 4.86%. The index's annual average for 2010 was 4.30%, the lowest for any year since 1967, when the annual average was 3.94%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped three basis points this week, to 4.71%, which is its lowest level since Dec. 9, 2010 (three weeks ago), when it was 4.60%. The index averaged 4.03% for the year, which is the lowest annual average since 3.85% in 1967.
The Revenue Bond Index, which measures 30-year revenue bond yields, decreased four basis points this week, to 5.38%. This is its lowest level since Dec. 9, 2010 (three weeks ago), when it was 5.32%. The index's annual average for 2010 was 4.88%, which is the lowest since 2007, when it was a record low 4.64%. The index began in 1979.
The Bond Buyer's One-Year Note Index declined three basis points this week, to 0.53%, which is its lowest level since Nov. 10, 2010 (seven weeks ago), when it was 0.46%. The index averaged a record low 0.49% for 2010, breaking the previous record of 0.69% in 2009. The idnex began in 1989.
The yield on the U.S. Treasury's 10-year note declined one basis point this week, to 3.34%, which is its lowest level since Dec. 9, 2010 (three weeks ago), when it was 3.22%.
The yield on the Treasury's 30-year bond fell four basis points this week, to 4.41%, which is its lowest level since Dec. 9, 2010 (three weeks ago), when it was also 4.41%.
The average weekly yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose one basis point this week, to 5.51%. But it remained below its 5.63% average from two weeks ago.
