In the week ended March 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.04% the previous week.
The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped five basis points to 4.04% from 4.09% the week before. It is at its lowest level since Sept. 6, 2018, when it was at 3.98%.
The 11-bond GO Index of higher-grade 11-year GOs fell three basis points to 3.53% from 3.56% in the previous week. It is at its lowest level since Sept. 13, 2018, when it was at 3.53%.
The Bond Buyer’s Revenue Bond Index declined five basis points to 4.51% from 4.56% the week before. It is at its lowest level since Sept. 6, 2018, when it was at 4.49%.
The yield on the U.S. Treasury’s 10-year note dipped to 2.63% from 2.64%, while the yield on the 30-year Treasury nudged up to 3.05% from 3.03%.