In the week ended March 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 4.25% from 4.26% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields gained three basis points to 3.95% from 3.92% in the prior week. It is at its highest level since Dec. 1 when it was at 4.03%.
The 11-Bond GO Index of higher-grade 20-year GO yields increased three basis points to 3.46% from 3.43% in the previous week. It is at its highest level since it was at 3.58% 14 weeks ago.
The Bond Buyer's Revenue Bond Index was three basis points higher to 4.11% from 4.08% last week. It is at its highest level since Feb. 16 when it was at 4.11%.
The yield on the U.S. Treasury's 10-year note rose 11 basis points to 2.49% from 2.38%, while the yield on the Treasury's 30-year bond increased seven basis points to 3.09% from 3.02% in the prior week.
