Bond Buyer Indexes Fall This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined four basis points this week, to 3.86%. It is at its lowest level since March 8, 2012 (seven weeks ago), when it was 3.84%.
 
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped four basis points this week, to 3.65%. This is its lowest level since March 1, 2012 (eight weeks ago), when it was 3.47%.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 4.78%. It is at its lowest level since March 8, 2012 (seven weeks ago), when it was 4.76%.
 
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, increased three basis points this week, to 0.26%. This is its highest level since Jan. 4, 2012 (16 weeks ago), when it was 0.28%.
 
The yield on the U.S. Treasury’s 10-year note was unchanged this week, at 1.96%. It remains at its lowest level since Feb. 2, 2012 (12 weeks ago), when it was 1.83%.
 
The yield on the Treasury’s 30-year bond gained one basis point this week, to 3.13%, but remained below its 3.22% level from two weeks ago.

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