Bond Buyer indexes weaken as yields surge

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.12% from 4.07% the week before.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields rose nine basis points to 4.15% from 4.06% the previous week. It is at its highest level since Sept. 18, 2014, when it was at 4.17%.

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The 11-bond GO Index of higher-grade 11-year GOs increased nine basis points to 3.62% from 3.53% the previous week. It is at its highest level since June 4, 2015, when it was at 3.66%.

The Bond Buyer's Revenue Bond Index gained nine basis points to 4.66% from 4.57% last week. It is at its highest level since Oct. 2, 2014 when it was at 4.72%.

The yield on the U.S. Treasury's 10-year note rose to 3.08% from 2.97%, while the yield on the 30-year Treasury increased to 3.21% from 3.11%

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