Yields on The Bond Buyer's weekly bond indexes posted modest declines this week, as favorable economic data, a reduction in new issuance, and preholiday doldrums helped to give the market a firmer tone.

The 20-bond index of general obligation yields decreased seven basts points, to 6.24% from 6.31 % last week, while the 11-bond general obligation index declined six basts points, to 6.28% from 6.22% a week ago. The 30-year revenue bond index was down seven basis points, to 6.38% from 6.45% last week.

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