The Bond Buyer's municipal bond indexes posted slightly lower yields this week, as a promising rally was wiped out in the turmoil generated by the investment losses of Orange County, Calif.

The 20-bond index of general obligation yields dropped two basis points, to 6.88% from 6.90% last Thursday, while the 11-bond GO index fell one basis point, to 6.78% from 6.79% a week ago.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.