Bond Buyer indexes strengthen in period ended Oct. 12
In the week ended Oct. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index slipped to 4.02% from 4.03% 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 fell two basis points to 3.61% from 3.63% the prior week. It is at its lowest level since Sept. 21, when it was at 3.60%.
The 11-Bond GO Index of higher-grade 11-year GO was two basis points lower to 3.12% from 3.14% the previous week. It is at its lowest level in three weeks.
The Bond Buyer's Revenue Bond Index yield dropped two basis points to 3.82% from 3.84% last week. It is at its lowest level since Sept. 21, when it was at 3.81%.
The yield on the U.S. Treasury's 10-year note decreased two basis points to 2.33% from 2.35% last week, while the yield on the Treasury's 30-year was three basis points lower to 2.86% from 2.89% in the prior week.