Bond Buyer Yield Indexes Continue Climb

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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased 12 basis points this week, to 5.27% for the week ending Aug. 22, 2013. This is the highest weekly average for the yield to maturity since the week ended June 9, 2011 (115 weeks ago), when it was also 5.27%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased 11 basis points this week, to 4.91%. This is the highest level for the index since April 20, 2011 (122 weeks ago), when it was 4.98%.

The 11-Bond GO Index of higher-grade 20-year GO yields gained 10 basis points this week, to 4.67%, which is its highest level since April 20, 2011 (122 weeks ago), when it was 4.72%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, rose 11 basis points this week, to 5.29%. It is now at its highest level since July 28, 2011 (108 weeks ago), when it was 5.32%.

The yield on the U.S. Treasury’s 10-year note increased 13 basis points this week, to 2.90%, which is its highest level since July 28, 2011 (108 weeks ago), when it was 2.96%.

The yield on the Treasury’s 30-year bond gained seven basis points this week, to 3.88%. This is the highest the yield has been since July 28, 2011 (108 weeks ago), when it was 4.26%.

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