Bond Buyer Indexes Up Sharply This Week

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased 22 basis points this week, to 4.24%. This is the highest level for the index since July 22, 2010 (16 weeks ago), when it was 4.26%.
 
The 11-Bond GO Index of higher-grade 20-year GO yields rose 21 basis points this week, to 3.98%, which is the highest level for the index since July 15, 2010 (17 weeks ago), when it was 4.09%.
 
The Revenue Bond Index, which measures 30-year revenue bond yields, gained 17 basis points this week, to 4.87%. That is its highest level since May 13, 2010 (26 weeks ago), when it was 4.90%.
 
The Bond Buyer's One-Year Note Index declined two basis points this week, to 0.46%, which is its lowest level since Sept. 29, 2010 (six weeks ago), when it was 0.44%.
 
The yield on the U.S. Treasury's 10-year note increased 17 basis points this week, to 2.66%, but remained below its 2.67% level from two weeks ago.
 
The yield on the Treasury's 30-year bond jumped 21 basis points higher this week, to 4.25%, which is the highest level for the yield since June 3, 2010 (23 weeks ago), when it was 4.29%.

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The average weekly yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose eight basis points this week, to 5.03%. This is the highest weekly average for the yield to maturity since the week ended Aug. 12, 2010 (13 weeks ago), when it was 5.04%.


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