All BB index yields higher
In the week ended Jan. 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.11% from 4.09% last week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields leaped four basis point to 4.23% from 4.19% in the previous week. It is at its highest level since Nov. 21 2018, when it was at 4.26%.
The 11-bond GO Index of higher-grade 11-year GOs increased two basis points to 3.70% from 3.68% in the previous week. It is at its highest level since eight weeks ago, when it was at 3.73%
The Bond Buyer's Revenue Bond Index was four basis points higher to 4.70% from 4.66% the week before. It is at its highest level since Nov. 21 2018, when it was at 4.75%.
The yield on the U.S. Treasury's 10-year note dropped to 2.72% from 2.75%, while the yield on the 30-year Treasury fell to 3.04% from 3.08%.