Bond Buyer Municipal Bond Index yield rises to 4.01% as munis weaken
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose three basis points to 4.01% from 3.98% in the prior week.
The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose 12 basis points to 3.65% from 3.53% in the previous week. It is at its highest level in the past nine months, since it was at 3.69% on May 25.
The 11-Bond GO Index of higher-grade 11-year GO was increased 12 basis points to 3.16% from 3.04% the previous week. It is at its highest level in the past nine months, since it was at 3.20% on May 25.
The Bond Buyer's Revenue Bond Index gained 12 basis points to 3.98% from 3.82% last week. It is at its highest level since May 11, when it was at 4.01%.
The yield on the U.S. Treasury's 10-year note rose to 2.46% from 2.33% in the previous week, while the yield on the Treasury's 30-year gained to 2.96% from 2.83% in the prior week.