Bond Buyer yield indexes mostly strengthen
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased two basis points to 4.28% on Thursday from 4.26% last week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined two basis points to 4.35% from 4.37% the previous week. It is at its lowest level since Oct. 4 when it was at 4.24%.
The 11-bond GO Index of higher-grade 11-year GOs decreased two basis points to 3.82% from 3.84% the previous week. It is at its lowest level since Oct. 4 when it was at 3.71%.
The Bond Buyer's Revenue Bond Index dropped two basis points to 4.86% from 4.88% last week. It is at its lowest level since Oct. 4 when it was at 4.75%.
The yield on the U.S. Treasury's 10-year note rose to 3.18% from 3.15% while the yield on the 30-year Treasury increased to 3.36% from 3.32%.