Muni Bond Indexes Weaken

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose one basis point to 4.35% in the week ended Nov. 5, from 4.34% in the prior week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields gained three basis points to 3.69% from 3.66% in the previous week. It is at its highest level since Sept. 24, when it stood at 3.71%.

The 11-Bond GO Index of higher-grade 20-year GO yields was two basis points higher to 3.20% from 3.18% from the prior week. It is at its highest level in seven weeks, when it stood at 3.23%.

The Bond Buyer's Revenue Bond Index remained unchanged at 4.05% from the previous week. It still stands at its lowest level ever, since calculations began on Sept. 20, 1979.

The yield on the U.S. Treasury's 10-year note was up seven basis points to 2.25% from 2.18%, while the yield on the Treasury's 30-year bond was five basis points higher to 3.01% from 2.96% the week ended Oct. 22.

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