Bond Buyer indexes strengthen in week ended Dec. 28

In the week ended Dec. 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 3.91% from 3.93% 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 dropped 12 basis points to 3.44% from 3.56% in the previous week. It is at its lowest level since Dec. 14, when it was at 3.41%.

The 11-Bond GO Index of higher-grade 11-year GO was 12 basis points lower to 2.94% from 3.06% the previous week. It is at its lowest level since three weeks ago, when it was at 2.91%.

The Bond Buyer's Revenue Bond Index tumbled 12 basis points to 3.92% from 4.04% last week. It is at its lowest level since Dec. 14, when it was at 3.89%.

The yield on the U.S. Treasury's 10-year note decreased to 2.43% from 2.49% in the previous week, while the yield on the Treasury's 30-year declined to 2.76% from 2.84% in the prior week.

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