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, increased four basis points to 3.80% from 3.76% in the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation was 13 basis points higher to 2.96% from 2.83% the prior week. It is at its highest level in 14 weeks.

The 11-Bond GO Index of higher-grade 20-year GO yields rose 13 basis points to 2.54% from 2.41% from the previous week. It is at its highest level since June 16 when it was at 2.59%.

The Bond Buyer's Revenue Bond Index jumped 13 basis points to 3.18% from 3.05% last week. It is at its highest level since June 16 when it was at 3.18%.

The yield on the U.S. Treasury's 10-year note was nine basis points higher to 1.71% from 1.62%, while the yield on the Treasury's 30-year increased 16 basis points to 2.48% from 2.32% last week.

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