Muni Bond Indexes Weaken Again in Latest Week

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose 9 basis points to 4.21% from 4.12% for the week ended Feb. 5.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased eleven basis points to 3.60% from 3.49% 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 eleven basis points to 3.45% from 3.34% the week ended Feb. 5. It is at its highest level since seven weeks ago when it stood at 3.50%.

The Bond Buyer's Revenue Bond Index climbed seven basis points to 4.23% from 4.16% in the previous week. It is at its highest level since Jan. 8, when it was 4.26%.

The yield on the U.S. Treasury's 10-year note jumped up 17 basis points to 1.99% from 1.82%, while the yield on the Treasury's 30-year bond elevated 16 basis points to 2.58% from 2.42% in the week prior.

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