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 4.28% from 4.25% in the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose six basis points to 3.94% from 3.88% in the prior week. It is at its highest level since Dec. 1, 2016 when it was at 4.03%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased seven basis points to 3.45% from 3.37% in the previous week. It is at its highest level since Dec. 1, 2016 when it was at 3.58%.

The Bond Buyer's Revenue Bond Index gained eight basis points to 4.11% from 4.03% last week. It is at its highest level since Sept. 17, 2015, when it was at 4.18%.

The yield on the U.S. Treasury's 10-year note rose eight basis points to 2.45% from 2.40%, while the yield on the Treasury's 30-year bond increased three basis points to 3.05% from 3.02% in the prior week.

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