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.
