BB indexes weaken, half reaching nearly three-year highs

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields jumped eight basis points to 4.06% from 3.98% the previous week. It is at its highest level since Oct. 2, 2014, when it was at 4.11%.

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The 11-bond GO Index of higher-grade 11-year GOs increased eight basis points to 3.53% from 3.45% the previous week. It is at its highest level since March 16, 2017, when it was also at 3.53%.

The Bond Buyer's Revenue Bond Index vaulted eight basis points to 4.57% from 4.49% last week. It is at its highest level since Nov. 25, 2014 when it was at 4.58%.

The yield on the U.S. Treasury's 10-year note was higher to 2.97% from 2.89%, while the yield on the 30-year Treasury climbed to 3.11% from 3.06%.

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