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Article: The Bond Buyer Yield Indexes Fall As 30-Year Treasuries Hit New Low.
- Article from:
- The Bond Buyer
- Article date:
- August 28, 1998
- Author:
CopyrightCOPYRIGHT 1998 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Bond Buyer's yield indexes fell this week to levels not seen since the beginning of the year as the yield on the Treasury's 30-year long bond hit a new low.
The 20-bond and 11-bond indexes of general obligation yields both dropped six basis points this week to 5.03% and 4.97%, respectively, from 5.09% and 5.03% last week. The indexes are at their lowest levels since Jan. 22, when the 20-bond index was also 5.03% and the 11-bond index was 4.96%.
The 30-year revenue bond index declined six basis points to 5.26% from 5.32% last Thursday. It is at its lowest point since Jan. 15, when the revenue bond index was 5.25%.
The average yield to maturity of ...