Bond Buyer Indexes Weaken

In the week ended Jan. 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 4.16% from 4.14% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields gained one basis points to 3.38% from 3.37% the previous week. It is at its highest level since Jan. 14, when it stood at 3.45%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased two basis points to 2.90% from 2.88% in the prior week. It is at its highest in three weeks, when it stood at 2.96%.

The Bond Buyer's Revenue Bond Index yield was up seven basis points to 3.83% from 3.76% in the prior week. It is at its highest level since Dec. 30, when it stood at 3.93%.

The yield on the U.S. Treasury's 10-year note was down three basis points to 1.99% from 2.02%, while the yield on the Treasury's 30-year bond was one basis point lower to 2.79% from 2.80% in the previous week.

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