In the week ended March 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 4.34% from 4.32% 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 unchanged from 4.02% in the prior week, its highest level since Dec. 1 when it was at 4.03%.
The 11-Bond GO Index of higher-grade 20-year GO yields was flat from 3.53% in the previous week. It is at its highest level in 15 weeks when it was at 3.58%.
The Bond Buyer's Revenue Bond Index was steady at 4.17% from 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 fell seven basis points to 2.53% from 2.60%, while the yield on the Treasury's 30-year bond decreased four basis points to 3.14% from 3.18% in the prior week.
