BB index yields move higher
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices nudged up to 4.00% from 3.99% the week before.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased seven basis points to 3.95% from 3.88% the previous week. It is at its highest level since April 26, when it was at 3.97%.
The 11-Bond GO Index of higher-grade 11-year GOs jumped seven basis points to 3.43% from 3.36% the previous week. It is at its highest level in four weeks, when it was at 3.45%.
The Bond Buyer's Revenue Bond Index climbed seven basis points to 4.44% from 4.37% last week. It is at its highest level since April 26, when it was at 4.46%.
The yield on the U.S. Treasury's 10-year note rose to 3.12% from 2.97% the previous week, while the yield on the 30-year Treasury increased to 3.25% from 3.12%.