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.

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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Chip Barnett

Chip Barnett

Chip Barnett is a journalist with more than 40 years of experience. Barnett is currently Senior Market Reporter for The Bond Buyer.