In the week ended April 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.19% from 4.15% 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 was 11 basis points higher to 3.82% from 3.71% in the prior week. It is at its highest level since April 6, when it was at 3.83%.

The 11-Bond GO Index of higher-grade 20-year GO yields increased 11 basis points to 3.33% from 3.22% in the previous week. It is at its highest level since 3 weeks ago, when it was at 3.34%.

The Bond Buyer's Revenue Bond Index gained 11 basis points to 4.02% from 3.91% last week. It is at its highest level since March 30, when it was at 4.03%.

The yield on the U.S. Treasury's 10-year note was six basis points higher to 2.30% from 2.24%, while the yield on the Treasury's 30-year bond was increased seven basis points to 2.96% from 2.89% in the previous week.

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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.