Bond Buyer indexes weaken in period ended Sept. 28
In the week ended Sept. 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was higher to 4.02% from 4.01% 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 rose four basis points to 3.64% from 3.60% the prior week. It is at its highest level since May 25 when it was at 3.69%.
The 11-Bond GO Index of higher-grade 11-year GO was four basis points higher to 3.15% from 3.11% the previous week. It is at its highest level in 19 weeks when it was at 3.20%.
The Bond Buyer's Revenue Bond Index was up four basis points to 3.85% from 3.81% 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 three basis points to 2.31% from 2.28% last week, while the yield on the Treasury's 30-year was seven basis point higher to 2.87% from 2.80% in the prior week.