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.

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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.