The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined 26 basis points this week, to 4.73% for the week ending July 3, 2013. But it remained well above its 4.55% average from two weeks ago (the week ended June 20).
The 20-Bond GO Index of 20-year general obligation yields declined 24 basis points this week, to 4.39%.But it remained above its 4.37% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped 24 basis points this week, to 4.16%, but remained above its 4.13% level from two weeks ago.
The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, fell four basis points this week, to 4.87%. It remained above its 4.81% level from two weeks ago.
The yield on the U.S. Treasury’s 10-year note increased three basis points this week, to 2.51%, which is its highest level since July 28, 2011 (101 weeks ago), when it was 2.96%.
The yield on the Treasury’s 30-year bond declined four basis points this week, to 3.50%. But it remained above its 3.49% level from two weeks ago.
