Bond Buyer indexes Rise This Week

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose 26 basis points this week, to 4.32%. This is the highest level for the index since Sept. 10 (five weeks ago), when it was 4.33%. It is the largest one-week increase in the index since Jan. 22 (38 weeks ago), when the index rose 33 basis points.
 
The 11-Bond GO Index of higher-grade 20-year GO yields rose 25 basis points this week, to 4.05%. This is the highest the index has been since Sept. 10 (five weeks ago), when it was 4.08%. It is the largest one-week increase in the index since Jan. 22 (38 weeks ago), when it rose 31 basis points.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, rose 17 basis points this week, to 4.86%, which is the highest the index has been since Sept. 24 (three weeks ago), when it was also 4.86%. The increase is the largest for a single week since Dec. 11, 2008 (44 weeks ago), when it rose 22 basis points.
 
The yield on the U.S. Treasury's 10-year note rose 23 basis points this week, to 3.47%, which is the highest yield on the note since Aug. 27 (seven weeks ago), when it was also 3.47%. The 23-basis-point increase was the largest one-week gain since May 21 (21 weeks ago), when the yield rose 25 basis points.
 
The yield on the Treasury's 30-year bond also rose 23 basis points this week, to 4.31%. This is the highest the bond's yield has been since Aug. 13 (nine weeks ago), when it was 4.42%. The increase was the largest for a single week since May 21 (21 weeks ago), when the yield rose 24 basis points.
 
The Bond Buyer's One-Year Note Index declined two basis points this week, to 0.57%, but it remained above its all-time low of 0.56% which was achieved the previous two weeks.