In the week ended Feb. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.98% from 3.94% 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 one basis point higher, to 3.73% from 3.72% the previous week. It is at its highest level since May 18, 2017, when it was at 3.73%.
The 11-Bond GO Index of higher-grade 11-year GOs gained one basis point to 3.23% from 3.22% the prior week. It is at its highest level since May 18, 2017, when it was at 3.24%.
The Bond Buyer's Revenue Bond Index elevated one basis point to 4.22% from 4.21% last week. It is at its highest level since Sept. 10, 2015 when it was at 4.25%.
The yield on the U.S. Treasury's 10-year note was higher to 2.86% from 2.79% the previous week, while the yield on the Treasury's 30-year increased to 3.14% from 3.01% in the prior week.
