Muni Bond Indexes Weaken

In the week ended Nov. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.38% from 4.35% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields gained five basis points to 3.74% from 3.69% in the previous week. It is at its highest level since Sept. 17, when it stood at 3.78%.

The 11-Bond GO Index of higher-grade 20-year GO yields was six basis points higher to 3.26% from 3.20% from the prior week. It is at its highest level in nine weeks, when it stood at 3.30%.

The Bond Buyer's Revenue Bond Index jumped up eight basis points to 4.13%, from 4.05% - where it was at its lowest level ever for three consecutive weeks. It is at its highest level since Sept. 17, when it was 4.18%.

The yield on the U.S. Treasury's 10-year note was up eight basis points to 2.33% from 2.25%, while the yield on the Treasury's 30-year bond was nine basis points higher to 3.10% from 3.01% the week ended Nov. 5.

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