Bond Buyer Indexes Rise

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The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points this week, to 5.15% for the week ending Oct. 10, 2013. This is the highest weekly average for the yield to maturity since the week ended Aug. 19, 2013 (three weeks ago), when it was 5.21%.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased four basis points this week, at 4.57%. The index is at its highest level since Sept. 19, 2013 (three weeks ago), when it was 4.66%.

The 11-Bond GO Index of higher-grade 20-year GO yields also gained four basis points this week, to 4.28%, which is its highest level since Sept. 19, 2013 (three weeks ago), when it was 4.39%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, rose six basis points this week, to 5.23%. This is the highest the index has been since Sept. 19, 2013 (three weeks ago), when it was 5.24%.

The yield on the U.S. Treasury’s 10-year note increased eight basis points this week, to 2.69%, which is its highest level since Sept. 19, 2013 (three weeks ago), when it was 2.75%.

The yield on the Treasury’s 30-year bond rose four basis points this week, to 3.75%, which is the highest it has been since Sept. 19, 2013 (three weeks ago), when it was 3.80%.

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