BB indexes weaken again, as two reach 11 week high yields
In the week ended August 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.01x% from 3.99% 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 five basis points to 3.95% from 3.90% the previous week. It is at its highest level since May 17, when it was also at 3.95%.
The 11-Bond GO Index of higher-grade 11-year GOs gained five basis points to 3.43% from 3.38% the previous week. It is at its highest level since 11 weeks ago, when it was at 3.43%.
The Bond Buyer's Revenue Bond Index jumped five basis points to 4.45% from 4.40% 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 was flat at 2.99%, while the yield on the 30-year Treasury inched up to 3.12% from 3.11%.