Bond Buyer indexes weaken, revenue index highest since March 2016

In the week ended Jan. 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.88% from 3.86% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

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The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was seven basis points higher to 3.59% from 3.52% the previous week. It is at its highest level since Nov. 02, when it was at 3.67%.

The 11-Bond GO Index of higher-grade 11-year GO gained seven basis points to 3.09% from 3.02% the prior week. It is at its highest level in nine weeks when it was at 3.09%.

The Bond Buyer's Revenue Bond Index elevated nine basis points to 4.08% from 4.01% last week.

The yield on the U.S. Treasury's 10-year note was unchanged from 2.63% from in the previous week, while the yield on the Treasury's 30-year dipped to 2.89% from 2.90% in the prior week.

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