The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, jumped 44 basis points higher this week, to 4.99% for the week ending June 27, 2013. This is the highest weekly average for the yield to maturity since the week ended Dec. 8, 2011 (81 weeks ago), when it was 5.00%.
The 20-Bond GO Index of 20-year general obligation yields increased 26 basis points this week, to 4.63%.This is its highest level since May 5, 2011 (112 weeks ago), when it was 4.69%.
The 11-Bond GO Index of higher-grade 20-year GO yields rose 27 basis points this week, to 4.40%, which is its highest level since May 5, 2011 (112 weeks ago), when it was 4.43%.
The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, gained 10 basis points this week, to 4.91%. This is its highest level since Jan. 5, 2012 (77 weeks ago), when it was 4.93%.
The yield on the U.S. Treasury’s 10-year note increased eight basis points this week, to 2.48%, which is its highest level since July 28, 2011 (100 weeks ago), when it was 2.96%.
The yield on the Treasury’s 30-year bond rose five basis points this week, to 3.54%. This is its highest level since Aug. 25, 2011 (96 weeks ago), when it was 3.60%.
