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.

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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.