The municipal market ended a volatile year with a firm tone yesterday as modest declines in the The Bond Buyer's weekly indexes reflected the sixth consecutive week of decreases in bond yields.

The 20-bond index of general obligation yields dropped three basis points, to 6.71% yesterday from 6.74% last Thursday. The 11-bond GO index was also down three basis points, to 6.62% from 6.65% a week ago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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