In the week ended March 3, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose three basis points to 4.08% from 4.05% 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 was unchanged at 3.34% from the previous week. It is at its highest level since Jan. 28 when it stood at 3.38%.
The 11-Bond GO Index of higher-grade 20-year GO yields was flat at 2.86% from the prior week. It is at its highest level since Jan. 28, when it stood at 2.90%.
The Bond Buyer's Revenue Bond Index was steady at 3.79% from last week. It is at its highest level since Jan. 28 when it was at 3.83%.
The yield on the U.S. Treasury's 10-year note was up 12 basis points to 1.83% from 1.71%, while the yield on the Treasury's 30-year bond was up seven basis points to 2.66% from 2.59% in the previous week.
