In the period ended July 6, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.09% from 4.05% 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 two basis points to 3.60% from 3.58% the prior week. It is at its highest level since June 1 when it was at 3.61%.

The 11-Bond GO Index of higher-grade 20-year GO was two basis points higher to 3.11% from 3.09% the previous week. It is at its highest level since six weeks ago when it was at 3.12%.

The Bond Buyer's Revenue Bond Index was up one basis point to 3.76% from 3.75% last week. It is at its highest level since June 1 when it was at 3.79%.

The yield on the U.S. Treasury's 10-year note was ten basis points higher to 2.37% from 2.27%, while the yield on the Treasury's 30-year bond increased eight basis points to 2.90% from 2.82% in the prior 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.