Bond Buyer indexes strengthen in period ended July 20

In the week ended July 20, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell six basis points to 4.05% from 4.11% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

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The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields decreased 10 basis points to 3.51% from 3.61% the prior week. It is at its lowest level since Nov. 3 when it was at 3.27%.

The 11-Bond GO Index of higher-grade 20-year GO was 10 basis points lower to 3.02% from 3.12% the previous week. It is at its lowest level since 38 weeks ago, when it was at 2.85%.

The Bond Buyer's Revenue Bond Index was down seven basis points to 3.70% from 3.77% last week. It is at its lowest level since June 22, when it was at 3.70%.

The yield on the U.S. Treasury's 10-year note was eight basis points lower to 2.27% from 2.35%, while the yield on the Treasury's 30-year bond decreased nine basis points to 2.83% from 2.92% the previous week.

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