Muni Bond Indexes Weaken for Week Ended April 23

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased three basis points to 4.26% from 4.23% for the week ended April 16.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was up seven basis points to 3.52%, from 3.45% from the previous week. It is at its highest level since March 26, when it also stood at 3.52%.

The 11-Bond GO Index of higher-grade 20-year GO yields was also seven basis points higher to 3.37%, from 3.30% from week ended April 16. It is at its highest level in four weeks.

The Bond Buyer's Revenue Bond Index rose four basis points to 4.22%, from 4.18% from the previous week and for the third week in a row. 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 six basis points to 1.95% from 1.89%, while the yield on the Treasury's 30-year bond also climbed up six basis points to 2.63% from 2.57% in the week prior.

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