Bond Buyer Indexes Weaken Again

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose seven basis points to 3.92% from 3.85% in the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields grew eight basis points to 3.28% from 3.20% in the prior week. It is at its highest level since May 12 when it stood at 3.32%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased eight basis points to 2.86% from 2.78% in the previous week. It is at its highest level since in 29 weeks.

The Bond Buyer's Revenue Bond Index jumped 15 basis points to 3.53% from 3.38% last week. It is at its highest level since May 12 when it was at 3.54%.

The yield on the U.S. Treasury's 10-year note was unchanged from 1.75%, while the yield on the Treasury's 30-year bond was two basis points higher to 2.48% from 2.46% in the previous week.

 

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