The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was down 12 basis points this week, at 5.01% for the week ending Jan. 16, compared with 5.13% last week.
The 20-Bond GO Index of 20-year general obligation yields fell 13 basis points this week, to 4.55%. The index is at its lowest level since Nov. 7, 2013 (10 weeks ago), when it was 4.56%.
The 11-Bond GO Index of higher-grade 20-year GO yields fell 14 basis points this week, to 4.25%, which is its lowest level since Oct. 31, 2013 (11 weeks ago), when it was 4.20%.
The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields, slid one basis point this week, to 5.33%, after reaching a 134-week high of 5.40% in December.
The yield on the U.S. Treasury's 10-year note dropped 11 basis points this week to 2.85%, the lowest level since November 26, 2013, when the yield was 2.71%.
The yield on the Treasury's 30-year bond lost nine basis points this week, to 3.78%, the lowest it has been since Nov. 7 (10 weeks ago), when it was 3.72%.
