The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased nine basis points to 4.39% in the week ended May 7 from 4.30% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation was up 12 basis points to 3.74%, from 3.62% in the week ended April 30. It is at its highest level since Dec. 4, 2014, when it stood at 3.83%.
The 11-Bond GO Index of higher-grade 20-year GO yields was also 12 basis points higher at 3.59%, from 3.47% from the prior week. It is at its highest level in 23 weeks, when it stood at 3.68%.
The Bond Buyer's Revenue Bond Index rose 16 basis points in the week ended May 7 to 4.47% from 4.31% from the week ended April 30. It is at its highest level since Dec. 4 when it stood at 4.50%.
The yield on the U.S. Treasury's 10-year note gained 13 basis points to 2.17% from 2.04%, while the yield on the Treasury's 30-year bond was up 15 basis points to 2.90% from 2.75% in the week prior.
