Bond Buyer indexes narrowly stronger in March 1 week
In the week ended March 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged from 4.01% the previous week. The BB40 Index is based on the price of 40 long-term bonds.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was one basis point lower to 3.85% from 3.86% the previous week. It is at its lowest level since Feb.15, when it was at 3.84%.
The 11-Bond GO Index of higher-grade 11-year GOs dropped one basis point to 3.35% from 3.36% the prior week. It is at its lowest level in three weeks.
The Bond Buyer's Revenue Bond Index decreased one basis point to 4.34% from 4.35% last week. It is at its lowest level since Feb. 15, when it was at 4.33%.
The yield on the U.S. Treasury's 10-year note fell to 2.81% from 2.93% the previous week, while the yield on the Treasury's 30-year decreased to 3.09% from 3.21% in the prior week.