In the week ended Dec. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index nudged up to 3.91% from 3.90% 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 12 basis points to 3.41% from 3.29% in the previous week. It is at its highest level since Nov. 30 when it was at 3.59%.
The 11-Bond GO Index of higher-grade 11-year GO was 12 basis points higher to 2.91% from 2.79% the previous week. It is at its highest level in three weeks when it was at 3.09%.
The Bond Buyer's Revenue Bond Index jumped 12 basis points to 3.89% from 3.77% last week. It is at its highest level since Nov. 30 when it was at 4.04%.
The yield on the U.S. Treasury's 10-year note decreased to 2.35% from 2.37% in the previous week, while the yield on the Treasury's 30-year dropped to 2.71% from 2.76% in the prior week.
