The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.01% from 3.98% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose four basis points to 3.60% from 3.56% the prior week. It is at its highest level since July 13 when it was at 3.61%.

The 11-Bond GO Index of higher-grade 11-year GO was four basis points higher to 3.11% from 3.07% the previous week. It is at its highest level in 11 weeks when it was at 3.12%.

The Bond Buyer's Revenue Bond Index was up four basis points to 3.81% from 3.77% last week. It is at its highest level since May 25 when it was at 3.87%.

The yield on the U.S. Treasury's 10-year note increased eight basis points to 2.28% from 2.20% last week, while the yield on the Treasury's 30-year was two basis point higher to 2.80% from 2.78% 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.