The weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.00% in the week ended June 14 from 3.98% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased four basis points to 3.92% from 3.88% the previous week. It is at its highest level since May 17, when it was at 3.95%.

The 11-Bond GO Index of higher-grade 11-year GOs gained four basis points to 3.40% from 3.36% the previous week. It is at its highest level since May 17, when it was 3.43%.

The Bond Buyer's Revenue Bond Index rose four basis points to 4.41% from 4.37% last week. It is at its highest level since May 17, when it was at 4.44%.

The yield on the U.S. Treasury's 10-year note was steady at 2.94% from the previous week while the yield on the 30-year Treasury decreased to 3.05% from 3.08%.

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Chip Barnett

Chip Barnett

Chip Barnett is a journalist with more than 40 years of experience. Barnett is currently Senior Market Reporter for The Bond Buyer.