BB yields decline
In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields dropped seven basis point to 3.79% from 3.86% the week before. It is at its lowest level since March 28, when it was at 3.79%.
The 11-bond GO Index of higher-grade 11-year GOs fell five basis points to 3.31% from 3.36% the previous week. It is at its lowest level since March 28, when it was at 3.30%.
The Bond Buyer's Revenue Bond Index descended six basis points to 4.27% from 4.33% the week before. It is at its lowest level since four weeks ago, when it was at 4.26%.
The yield on the U.S. Treasury's 10-year note was lower to 2.53% from 2.56%, while the yield on the 30-year Treasury dipped to 2.95% from 2.96%.