Muni Bond Indexes Weaken Again for Week Ended April 30

For the week ended April 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points to 4.30% from 4.26% from the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation was up 10 basis points to 3.62%, from 3.52% from the week ended April 23. It is at its highest level since March 12, when it also stood at 3.62%.

The 11-Bond GO Index of higher-grade 20-year GO yields was ten basis points higher as well to 3.47%, from 3.37% from the prior week. It matched its highest level in seven weeks.

The Bond Buyer's Revenue Bond Index rose nine basis points to 4.31%, from 4.22% from the week ended April 23. It is at its highest level since March 12, when it stood at 4.31%.

The yield on the U.S. Treasury's 10-year note gained nine basis points to 2.04% from 1.95%, while the yield on the Treasury's 30-year bond was up 12 basis points to 2.75% from 2.63% in the week prior.

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