Muni Bond Indexes Continue to Weaken in Latest Week

For the week ended Feb. 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, jumped five basis points to 4.26% from 4.21%.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased two basis points to 3.62% from 3.60% the previous week. It is at its highest level since Dec. 24, when it was 3.65%.

The 11-Bond GO Index of higher-grade 20-year GO yields was also up two basis points to 3.47% from 3.45% the week ended Feb. 19. It is at its highest level in seven weeks.

The Bond Buyer's Revenue Bond Index rose five basis points to 4.28% from 4.23% in the previous week. It is at its highest level since Dec. 31, when it was 4.39%.

The yield on the U.S. Treasury's 10-year note elevated 12 basis points to 2.11% from 1.99%, while the yield on the Treasury's 30-year bond was 15 basis points higher to 2.73% from 2.58% in the week prior.

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