In the week ended Jan.12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.20% from 4.25% in 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 were six basis points lower to 3.72% from 3.78% from the prior week. It is at the lowest level since Nov. 10 2016, when it was at 3.52%.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped six basis points to 3.25% from 3.31% from the previous week. It is at its lowest level since Nov. 10 2016, when it was at 3.10%.
The Bond Buyer's Revenue Bond Index sunk seven basis points lower to 3.83% from 3.90% from last week. It is at its lowest level since Nov 10 2016, when it was at 3.69%.
The yield on the U.S. Treasury's 10-year note was one basis point lower to 2.36% from 2.37%, while the yield on the Treasury's 30-year bond was unchanged at 2.96% from the prior week.