Bond Buyer Indexes Weaken 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, rose three basis points to 3.97% in the week ended Nov. 10 from 3.94% in the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields gained 25 basis points to 3.52% from 3.27% in the prior week. It is at its highest level since Dec. 30, 2015 when it was at 3.57%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased 25 basis points to 3.10% from 2.85% in the previous week. It is at its highest level since Nov. 24, 2015 when it was at 3.14%.

The Bond Buyer's Revenue Bond Index rose 25 basis points to 3.69% from 3.44% last week. It is at its highest level since April 14 when it was at 3.71%.

The yield on the U.S. Treasury's 10-year note rose 34 basis points to 2.15% from 1.81%, while the yield on the Treasury's 30-year bond increased 35 basis points to 2.95% from 2.60% in the prior week.

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