Bond Buyer Indexes Increase

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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased one basis point this week, to 4.05% for the week ending March 7, 2013. It is the same average yield as two weeks ago.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased 12 basis points this week, to 3.86%. This is the index’s highest level since July 5, 2012 (35 weeks ago), when it was 3.94%.

The 11-Bond GO Index of higher-grade 20-year GO yields rose 11 basis points this week, to 3.63%, which is the highest the index has been since July 5, 2012 (35 weeks ago), when it was 3.73%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, inched up two basis points this week, to 4.31%. It is now at its highest level since Oct. 25, 2012 (19 weeks ago), when it was 4.33%.

The yield on the U.S. Treasury’s 10-year note rose 10 basis points this week, to 1.99%, which is its highest level since Feb. 14, 2013 (three weeks ago), when it was 2.00%.

The yield on the Treasury’s 30-year bond increased 10 basis points this week, to 3.20%, which is the highest yield for the 30-year since April 12, 2012 (47 weeks ago), when it was 3.22%.

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