A robust Treasury market pushed yields lower on The Bond Buyer's weekly indexes this week to continue their downward trend, with the 40-bond gauge hitting a new low.

The average yield to maturity of the 40 bonds used to calculate the daily Municipal Bond Index was a record low 5.69%. down two basis points from 5.71% last week. The index stands at its lowest point since The Bond Buyer began calculating the yield in January 1985.

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