Bond Buyer index yields rise as much as 11 bps

In the week ended Feb. 15, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 4.00% from 3.98% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

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The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose 11 basis points to 3.84% from 3.73% the previous week. It is at its highest level since March 30, 2017, when it was at 3.86%.

The 11-Bond GO Index of higher-grade 11-year GOs increased 11 basis points to 3.34% from 3.23% in the prior week. It is at its highest level since July 16, 2017, when it was at 3.35%.

The Bond Buyer's Revenue Bond Index gained 11 basis points to 4.33% from 4.22% 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 2.91% from 2.86% the previous week, while the yield on the Treasury's 30-year increased to 3.15% from 3.14% in the prior week.

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