Bond Buyer Indexes Fall This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined five basis points this week, to 3.65%. But it remained above its 3.60% level from two weeks ago.
 
The 11-Bond GO Index of higher-grade 20-year GO yields dropped three basis points this week, to 3.39%, but remained above its 3.34% level from two weeks ago.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, decreased three basis points this week, to 4.74%. But it is still above its 4.70% level from two weeks ago.
 
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, declined one basis point this week, to 0.24%. This is its lowest level since Jan. 25, 2012 (three weeks ago), when it was also 0.24%.
 
The yield on the U.S. Treasury’s 10-year note declined five basis points this week, to 1.99%, but remained above its 1.83% level from two weeks ago.
 
The yield on the Treasury’s 30-year bond fell five basis points this week, to 3.14%, but is still higher than its 3.01% level from two weeks ago.

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