The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.03% from 4.02% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields fell one basis point to 3.63% from 3.64% the prior week. It is at its lowest level since Sept. 21, when it was at 3.60%.

The 11-Bond GO Index of higher-grade 11-year GO yields slipped one basis to 3.14% from 3.15% the previous week. It is at its lowest level since three weeks ago, when it was at 3.11%.

The Bond Buyer's Revenue Bond Index dropped one basis point to 3.84% from 3.85% last week. It is at its lowest level since Sept. 21, when it was at 3.81%.

The yield on the U.S. Treasury's 10-year note increased four basis points to 2.35% from 2.31% last week, while the yield on the Treasury's 30-year was two basis point higher to 2.89% from 2.87% in the prior week.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.