Bond Buyer Indexes Fall This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined two basis points this week, to 4.07%. But it remained above its 4.02% level from two weeks ago.
 
The 11-Bond GO Index of higher-grade 20-year GO yields dropped one basis point this week, to 3.81%, but remained above its 3.75% level from two weeks ago.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 5.06%. It is still above its 5.00% level from two weeks ago.
 
The Bond Buyer’s One-Year Note Index was unchanged this week, at 0.31%. It remains at its highest level since Oct. 26, 2011 (four weeks ago), when it was also 0.31%.
 
The yield on the U.S. Treasury’s 10-year dropped two basis points this week, to 1.94%. It is at its lowest level since Sept. 22, 2011 (nine weeks ago), when it was 1.71%.
 
The yield on the Treasury’s 30-year bond declined seven basis points this week, to 2.91%, which is its lowest level since Sept. 22, 2011 (nine weeks ago), when it was 2.79%.

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