Bond Buyer indexes weaken in period ended April 27

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.

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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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