The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields declined eight basis points this week, to 3.75%. This is its lowest level since May 17, 2012 (nine weeks ago), when it was also 3.75%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped eight basis point this weeks, to 3.54%, which is its lowest level since May 17, 2012 (nine weeks ago), when it was 3.53%.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell five basis points this week, to 4.51%. It is now at its lowest level since May 17, 2007 (270 weeks or five years and 10 weeks ago), when it was 4.46%.
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, rose one basis point this week, to 0.23%, but remained below its 0.24% level from two weeks ago.
The yield on the U.S. Treasury’s 10-year note rose four basis points this week, to 1.52%. But it remained below its 1.60% level from two weeks ago.
The yield on the Treasury’s 30-year bond increased five basis points this week, to 2.61%, but still remained below its 2.72% level from two weeks ago.
