BB indexes mostly weaken, as some yields hit four-year highs
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 4.15%.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose six basis points to 4.24% from 4.18% the previous week. It is at its highest level since Aug. 14, 2014, when it was at 4.24%.
The 11-bond GO Index of higher-grade 11-year GOs increased six basis points to 3.71% from 3.65% the previous week. It is at its highest level since June 4, 2015, when it was at 3.66%.
The Bond Buyer's Revenue Bond Index gained six basis points to 4.75% from 4.69% last week. It is at its highest level since Sept. 25, 2014, when it was at 4.78%.
The yield on the U.S. Treasury's 10-year note jumped up to 3.20% from 3.06%, while the yield on the 30-year Treasury vaulted to 3.35% from 3.19%