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Bond Buyer indexes weaken, as yields surge higher in latest week

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased 11 basis points to 4.26% on Thursday from 4.15% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose 13 basis points to 4.37% from 4.24% the previous week. It is at its highest level since July 10, 2014, when it was at 4.38%.

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The 11-bond GO Index of higher-grade 11-year GOs increased 13 basis points to 3.84% from 3.71% the previous week. It is at its highest level since Oct. 9, 2014, when it was at 3.86%.

The Bond Buyer's Revenue Bond Index gained 13 basis points to 4.88% from 4.75% last week. It is at its highest level since Sept. 18, 2014, when it was at 4.90%.

The yield on the U.S. Treasury's 10-year note fell to 3.15% from 3.20% while the yield on the 30-year Treasury dropped to 3.32% from 3.35%.

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