The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged at 4.01% for the third consecutive week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields fell four basis points to 3.53% from 3.57% the prior week. It is at its lowest level since Aug. 10 when it was at 3.52%.

The 11-Bond GO Index of higher-grade 11-year GO was four basis points lower to 3.04% from 3.08% the previous week. It is at its lowest level in three weeks when it was at 3.03%.

The Bond Buyer's Revenue Bond Index was down four basis points to 3.74% from 3.78% last week. It is at its lowest level since Aug. 10 when it was at 3.73%.

The yield on the U.S. Treasury's 10-year note was unchanged from 2.20% last week, while the yield on the Treasury's 30-year was one basis point lower to 2.77% from 2.78% in the prior week.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.