Bond Buyer Indexes Mixed

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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, declined one basis point this week, to 4.04% for the week ending Feb. 28, 2013. However, it remained above its 4.03% average from two weeks ago (the week ended Feb. 14, 2013).

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields was unchanged this week, at 3.74%. It remains at the highest level for the index since Sept. 13,, 2012 (24 weeks ago), when it was 3.79%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased one basis point this week, to 3.52%, which is its highest level since Sept. 13, 2012 (24 weeks ago), when it was 3.58%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, declined one basis point this week, to 4.29%. It is at its lowest level since Feb. 7, 2013 (three weeks ago), when it was also 4.29%.

The yield on the U.S. Treasury’s 10-year note dropped nine basis points this week, to 1.89%, which is its lowest level since Jan. 24, 2013 (five weeks ago), when it was 1.85%.

The yield on the Treasury’s 30-year bond dropped seven basis points this week, to 3.10%, which is its lowest level since Jan. 24, 2013 (five weeks ago), when it was 3.05%.

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