Bond Buyer Indexes Sell Off

bb062113inde-600.jpg

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased 10 basis points this week, to 4.55% for the week ending June 20, 2013. This is the highest weekly average for the yield to maturity since the week ended April 19, 2012 (61 weeks ago), when it was 4.56%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased 21 basis points this week, to 4.37%.This is its highest level since July 28, 2011 (99 weeks ago), when it was 4.47%.

The 11-Bond GO Index of higher-grade 20-year GO yields rose 20 basis points this week, to 4.13%, which is its highest level since July 28, 2011 (99 weeks ago), when it was 4.19%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, gained 19 basis points this week, to 4.81%. This is its highest level since April 19, 2012 (61 weeks ago), when it was also 4.81%.

The yield on the U.S. Treasury’s 10-year note increased 22 basis points this week, to 2.40%, which is its highest level since Oct. 27, 2011 (86 weeks ago), when it was also 2.40%.

The yield on the Treasury’s 30-year bond rose 16 basis points this week, to 3.49%. This is its highest level since Sept. 1, 2011 (94 weeks ago), when it was 3.51%.

For reprint and licensing requests for this article, click here.
Buy side
MORE FROM BOND BUYER