Bond Buyer index yields jump
In the week ended Nov. 8, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.33% from 4.26% 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 climbed three basis points higher to 4.36% from 4.33% the previous week. It is at its highest level since Oct. 11, when it was at 4.37%.
The 11-bond GO Index of higher-grade 11-year GOs increased three basis points to 3.85% from 3.82% the previous week. It is at its highest level since Oct. 9, 2014, when it was at 3.86%.
The Bond Buyer's Revenue Bond Index gained three basis points to 4.85% from 4.82% last week. It is at its highest level since Oct. 18, when it was at 4.86%.
The yield on the U.S. Treasury's 10-year note jumped to 3.24% from 3.14%, while the yield on the 30-year Treasury rose to 3.43% from 3.38%.