Bond Buyer Indexes Weaken

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was one basis point higher to 4.05% from 4.04% for the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased seven basis points to 3.34%, from 3.27% in 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 jumped up seven basis points to 2.86% from 2.79% in the prior week. It is at its highest level in five weeks, when it stood at 2.90%.

The Bond Buyer's Revenue Bond Index was three basis points higher to 3.79% from 3.76% in the prior week. It is at its highest level since Jan. 28 when it was 3.83%.

The yield on the U.S. Treasury's 10-year note was down four basis points to 1.71% from 1.75%, while the yield on the Treasury's 30-year bond was down three basis points to 2.59% from 2.62% in the previous week.

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