Most BB yield indexes drop
In the week ended April 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.88% the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields lowered three basis points to 3.85% from 3.88% 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 decreased three basis points to 3.36% from 3.39% in 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 dropped three basis points to 4.32% from 4.35% the week before. It is at its lowest level since two weeks ago, when it was at 4.26%.
The yield on the U.S. Treasury's 10-year note was flat at 2.51%, while the yield on the 30-year Treasury inched up to 2.94% from 2.92%.