In the week ended March 15, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.02% from 4.01% 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 was one basis point higher to 3.89% from 3.88% 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 3.39% from 3.38% the prior 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 unchanged at 4.37% from 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 dropped to 2.82% from 2.87% the previous week, while the yield on the Treasury's 30-year decreased to 3.05% from 3.13% in the prior week.

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