Most Bond Buyer Indexes Jump

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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, was up one basis point this week, at 5.13% for the week ending Dec. 12, 2013, the highest since Oct. 24, 2013, (seven weeks ago), when it was 5.16%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased four basis points this week, to 4.74%. The index is at its highest level since Sept. 12, 2013 (13 weeks ago), when it was 4.93%.

The 11-Bond GO Index of higher-grade 20-year GO yields gained five basis points this week, to 4.45%, which is its highest level since Sept. 12, 2013 ( 13 weeks ago), when it was 4.45%.

The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields, rose seven basis points this week, to 5.37%. This is the higher the index has been since May 26, 2011 (133 weeks ago), when it was 5.38%.

The yield on the U.S. Treasury's 10-year note was unchanged this week at 2.88 percent. Last week the index increased 17 basis points and reached its highest level since Sept. 12, 2013 (12 weeks ago), when it was 2.91%.

The yield on the Treasury's 30-year bond fell 2 basis points this week, to 3.90%, which is the lowest it has been since Nov. 26, 2014 (two weeks ago), when it was 3.80%.

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