The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined 22 basis points this week, to 3.85%. This is the lowest level for the index since Aug. 18, 2011 (five weeks ago), when it was 3.83%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped 22 basis points this week, to 3.58%, and is at its lowest level since Aug. 18, 2011 (five weeks ago), when it was 3.55%.
The Revenue Bond Index, which measures 30-year revenue bond yields, decreased 15 basis points this week, to 4.96%. It is at its lowest level since Nov. 10, 2010 (45 weeks ago), when it was 4.87%.
The Bond Buyer’s One-Year Note Index rose one basis point this week, to 0.29%, but remained below its 0.30% level from two weeks ago.
The yield on the U.S. Treasury’s 10-year note plunged 38 basis points this week, to 1.71%, which is its lowest level since the 1950s.
The yield on the Treasury’s 30-year bond plummeted 57 basis points this week, to 2.79%, which is its lowest level since Dec. 31, 2008 (142 weeks ago), when it was 2.68%.
Bond Buyer Indexes Fall This Week
Published September 22, 2011, 4:11 p.m. EDT
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