Muni Bond Indexes Weaken for Week Ended June 25

For the week ended June 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased one basis point to 4.46%, from 4.45% the previous week.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation was one basis point higher to 3.80% from 3.79% for the week ended June 18. It is at its highest level since June 11, when it stood at 3.87%.

The 11-Bond GO Index of higher-grade 20-year GO yields rose one basis point to 3.40% from 3.39% from the prior week. It is at its highest level in two weeks when it stood at 3.46%.

The Bond Buyer's Revenue Bond Index inched up one basis point to 4.27%, from 4.26% from the week ended June 18. It is at its highest level since June 11, when it stood at 4.28%.

The yield on the U.S. Treasury's 10-year note jumped five points to 2.40% from 2.35%, while the yield on the Treasury's 30-year bond was up two basis points to 3.16% from 3.14% the week beforehand.

 

 

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