The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined four basis points this week, to 3.76%. But it remained above its 3.75% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped four basis points this week, to 3.55%, but remained above its 3.54% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 4.49%. This is its lowest level since Aug. 2, 2012 (three weeks ago), when it was 4.46%.
The Bond Buyer's One-Year Note Index, which is based on one-year GO note yields, increased one basis point this week, to 0.27%, which is its highest level since May 2, 2012 (16 weeks ago), when it was also 0.27%.
The yield on the U.S. Treasury's 10-year note declined 17 basis points this week, to 1.67%. This is its lowest level since Aug. 2, 2012 (three weeks ago), when it was 1.48%.
The yield on the Treasury's 30-year bond also dropped 17 basis points this week, to 2.79%, which is its lowest level since Aug. 2, 2012 (three weeks ago), when it was 2.55%.
The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged this week, at 4.26% for the week ending today. The weekly average for the yield remains at its highest level since the week ended July 19, 2012 (five weeks ago), when it was 4.31%.
