Nearly all The Bond Buyer’s weekly yield indexes declined this week as long-end yields fell with each passing session and prices strengthened, mostly on the back of a light primary market.

“The market is sort of ­bouncing off recent relative value, but doing it on a basis of low ­supply,” said Evan Rourke, portfolio manager at Eaton Vance. “It seems like the bid is improved, with a few buyers in there taking the market a little higher, but it’s not a real deep market. It feels like if there was some supply,” yields might not stay at these levels.

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