BB indexes weaken again; BB20 yield reaches four-year high
In the week ended September 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.15% from 4.12% 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 rose three basis points to 4.18% from 4.15% the previous week. It is at its highest level since Aug. 21, 2014, when it was at 4.21%.
The 11-bond GO Index of higher-grade 11-year GOs increased three basis points to 3.65% from 3.62% the previous week. It is at its highest level since June 4, 2015, when it was at 3.66%.
The Bond Buyer's Revenue Bond Index gained three basis points to 4.69% from 4.66% last week. It is at its highest level since Oct. 2, 2014, when it was at 4.72%.
The yield on the U.S. Treasury's 10-year note dipped to 3.06% from 3.08%, while the yield on the 30-year Treasury decreased to 3.19% from 3.21%