The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 4.01% from 4.02% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose one basis point to 3.90% from 3.89% the previous week. It is at its highest level since March 23, 2017, when it was at 3.91%.

The 11-Bond GO Index of higher-grade 11-year GOs gained one basis point to 3.40% from 3.39% the previous week. It is at its highest level since 52 weeks ago, when it was at 3.42%.

The Bond Buyer's Revenue Bond Index was one basis point higher to 4.38% from 4.37% last week. It is at its highest level since June 4, 2015, when it was at 4.55%.

The yield on the U.S. Treasury's 10-year note rose to 2.83% from 2.82% the previous week, while the yield on the Treasury's 30-year increased to 3.06% from 3.05% in the prior week.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.