BB indexes mostly weaken: BB40 unchanged
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged for the third week in a row at 3.99%.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased two basis points to 3.87% from 3.85% the previous week. It is at its highest level since April, when it was at 3.90%.
The 11-Bond GO Index of higher-grade 11-year GOs gained two basis points to 3.37% from 3.35% the previous week. It is at its highest level in three weeks, when it was at 3.40%.
The Bond Buyer's Revenue Bond Index was higher by two basis points to 4.35% from 4.33% last week. It is at its highest level since April 5, when it was at 4.38%.
The yield on the U.S. Treasury's 10-year note jumped to 2.92% from 2.84% the previous week, while the yield on the Treasury's 30-year increased to 3.11% from 3.04% in the prior week.