The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was down eight basis points this week, at 4.93% for the week ending Jan. 22, compared with 5.01% last week.
The 20-Bond GO Index of 20-year general obligation yields fell five basis points this week, to 4.50%. The index is at its lowest level since Oct. 31, 2013 (11 weeks ago), when it was 4.48%.
The 11-Bond GO Index of higher-grade 20-year GO yields fell six basis points this week, to 4.19%, which is its lowest level since July 3, 2013, when it was 4.16%.
The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields, slid five basis points this week, to 5.28%, the fifth consecutive weekly drop since reaching a 134-week high of 5.40% on Dec. 19.
The yield on the U.S. Treasury's 10-year note dropped seven basis points this week to 2.78%, the lowest level since November 26, 2013, when the yield was 2.71%.
The yield on the Treasury's 30-year bond lost ten basis points this week, to 3.68%, the lowest it has been since Oct. 31 (11 weeks ago), when it was 3.63%.
