In the week ended June, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.98% from 3.96% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased 10 basis points to 3.88% from 3.78% the previous week. It is at its highest level since May 24, when it was at 3.90%.

The 11-Bond GO Index of higher-grade 11-year GOs jumped 10 basis points to 3.36% from 3.26% the previous week. It is at its highest level in two weeks.

The Bond Buyer's Revenue Bond Index swelled 10 basis points to 4.37% from 4.27% last week. It is at its highest level since May 24, when it was at 4.39%.

The yield on the U.S. Treasury's 10-year note rose to 2.94% from 3.83% the previous week, while the yield on the 30-year Treasury increased to 3.08% from 3.00%.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.