Bond Buyer Yield Indexes Rise Amid Treasury Gains

bb080913inde-500.jpg

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points this week, to 5.11% for the week ending Aug. 8, 2013. This is the highest weekly average for the yield to maturity since the week ended Aug. 4, 2011 (105 weeks ago), when it was 5.13%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased three basis points this week, to 4.73%. But it remained below its 4.77% level from two weeks ago.

The 11-Bond GO Index of higher-grade 20-year GO yields gained two basis points this week, to 4.49%, but remained below its 4.54% level from two weeks ago.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, was unchanged this week, at 5.05%. It remains at the highest level for the index since Dec. 1, 2011 (88 weeks ago), when it was 5.09%.

The yield on the U.S. Treasury’s 10-year note declined 13 basis points this week, to 2.59%, which is the same level as two weeks ago.

The yield on the Treasury’s 30-year bond dropped 10 basis points this week, to 3.67%. But it remained above its 3.66% level from two weeks ago.

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