The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined three basis points this week, to 5.07% for the week ending Aug. 1, 2013. But the weekly average was still above the 4.89% average from two weeks ago (the week ended July 18, 2013).

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields declined seven basis points this week, to 4.70%. But it remained above its 4.52% level from two weeks ago.

The 11-Bond GO Index of higher-grade 20-year GO yields also dropped seven basis points this week, to 4.47%, but remained above its 4.29% level from two weeks ago.

The Bond Buyer's Revenue Bond Index, which measures 30-year revenue bond yields, gained two basis points this week, to 5.05%. It is the highest level for the index since Dec. 1, 2011 (87 weeks ago), when it was 5.09%.

The yield on the U.S. Treasury's 10-year note increased 13 basis points this week, to 2.72%, which is its highest level since July 28, 2011 (105 weeks ago), when it was 2.96%.

The yield on the Treasury's 30-year bond rose 11 basis points this week, to 3.77%. It is at its highest level since Aug. 11, 2011 (103 weeks ago), when it was 3.79%.

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