Bond Buyer Indexes Fall This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields decreased fourteen basis points this week, to 4.51%. This is the lowest level for the index since June 23 (three weeks ago), when it was 4.46%.
 
The 11-Bond GO Index of higher-grade 20-year GO yields fell thirteen basis points this week, to 4.24%, which is the lowest it has been since June 23 (three weeks ago), when it was 4.20%.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, dropped six basis points this week, to 5.30%. This is the lowest the index has been since Dec. 2 (32 weeks ago), when it was 5.18%.
 
The Bond Buyer’s One-Year Note Index declined two basis points this week, to an all-time low of 0.29%. The index began on July 20, 1989.
 
The yield on the U.S. Treasury’s 10-year note declined twenty basis points this week, to 2.95%, but it remained well above its 2.92% level from three weeks ago.
 
The yield on the Treasury’s 30-year bond was lower by thirteen basis points this week, at 4.25%. It has not been lower since June 23 (three weeks ago), when it was 4.17%.