Bond Buyer Indexes Rise This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased nine basis points this week, to 3.75%. It is now at its highest level since July 19, 2012 (three weeks ago), when it was also 3.75%.

The 11-Bond GO Index of higher-grade 20-year GO yields also gained nine basis point this week, to 3.54%, which is its highest level since July 19, 2012 (three weeks ago), when it was also 3.54%.

The Revenue Bond Index, which measures 30-year revenue bond yields, rose four basis points this week, to 4.50%. This is its highest level since July 19, 2012, when it was 4.51%.

The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, rose one basis point this week, to 0.22%. It is still below its 0.23% level from two weeks ago.

The yield on the U.S. Treasury’s 10-year note jumped 22 basis points this week, to 1.70%, which is its highest level since May 24, 2012 (11 weeks ago), when it was 1.78%.

The yield on the Treasury’s 30-year bond rose 21 basis points this week, to 2.76%. This is its highest level since May 24, 2012 (11 weeks ago), when it was 2.86%.

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