Bond Buyer indexes hit highest levels in the past nine months
In the week ended Nov. 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index slipped to 4.00% from 4.01% 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 two basis points to 3.67% from 3.65% in the previous week. It is at its highest level in the past nine months, since it was at 3.69% on May 25.
The 11-Bond GO Index of higher-grade 11-year GO increased one basis point to 3.17% from 3.16% the previous week. It is at its highest level in the past nine months, since it was at 3.20% on May 25.
The Bond Buyer's Revenue Bond Index gained six basis points to 4.04% from 3.98% last week. It is at its highest level since March 23, when it was at 4.08%.
The yield on the U.S. Treasury's 10-year note dropped to 2.35% from 2.46% in the previous week, while the yield on the Treasury's 30-year fell to 2.83% from 2.96% in the prior week.