Bond Buyer Indexes Weaken Up to 25 Bps

In the week ended Dec. 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 12 basis points to 4.35% from 4.23% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields were 23 basis points higher to 4.03% from 3.80% in the prior week. It is at its highest level since Aug. 21, 2014 when it was at 4.21%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased 23 basis points to 3.58% from 3.35% in the previous week. It is at its highest level since Nov. 25, 2014 when it was at 3.79%.

The Bond Buyer's Revenue Bond Index grew 25 basis points to 4.10% from 3.85% last week. It is at its highest level since Sept. 10, 2015 when it was at 4.25%.

The yield on the U.S. Treasury's 10-year note rose 13 basis points to 2.45% from 2.32%, while the yield on the Treasury's 30-year bond increased 10 basis points to 3.10% from 3.00% in the prior week.

 

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