The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices increased two basis points to 4.48% for the week ended July 2 from 4.46% in the previous week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was five basis points higher to 3.85% from 3.80% for the week ended June 25. It is at its highest level since June 11, when it stood at 3.87%.
The 11-Bond GO Index of higher-grade 20-year GO yields rose two basis points to 3.42% from 3.40% from the prior week. It is at its highest level in three weeks.
The Bond Buyer's Revenue Bond Index dropped two basis points to 4.25%, from 4.27% from the week ended June 25. It is at its lowest level since June 18, when it stood at 4.26%.
The yield on the U.S. Treasury's 10-year note declined two basis points to 2.38% from 2.40%, while the yield on the Treasury's 30-year bond was up two basis points to 3.18% from 3.16% the week before.
