Bond Buyer Indexes Mixed This Week

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased eight basis points this week, to 3.68%. This is its highest level since Jan. 5, 2012 (three weeks ago), when it was 3.83%.
 
The 11-Bond GO Index of higher-grade 20-year GO yields also rose eight basis points this week, to 3.42%, which is its highest level since Jan. 5, 2012 (three weeks ago), when it was 3.57%.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, declined six basis points this week, to 4.71%. This is its lowest level since Nov. 4, 2010 (64 weeks ago), when it was also 4.71%.
 
The Bond Buyer’s One-Year Note Index, which is based on one-year GO note yields, was unchanged this week at its all-time low of 0.24%. The index began in July 1989.
 
The yield on the U.S. Treasury’s 10-year note declined five basis points this week, to 1.94%, but remained above its 1.93% level from two weeks ago.
 
The yield on the Treasury’s 30-year bond gained five basis points this week, to 3.10%, which is its highest level since Dec. 1, 2011 (eight weeks ago), when it was 3.12%.

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