Most Bond Buyer Indexes Hit 2013 Highs

bb031513inde-600.jpg

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased nine basis point this week, to 4.14% for the week ending March 14, 2013.

Bond Buyer Indexes

The 20-Bond GO Index of 20-year general obligation yields increased 14 basis points this week, to 4.00%. This is the index’s highest level since April 4, 2012 (49 weeks ago), when it was 4.08%.

The 11-Bond GO Index of higher-grade 20-year GO yields also rose 14 basis points this week, to 3.77%, which is the highest the index has been since April 12, 2012 (48 weeks ago), when it was also 3.77%.

The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, gained 10 basis points this week, to 4.41%. It is now at its highest level since Sept. 13, 2012 (26 weeks ago), when it was 4.42%.

The yield on the U.S. Treasury’s 10-year note rose five basis points this week, to 2.04%, which is its highest level since April 12, 2012 (48 weeks ago), when it was 2.06%.

The yield on the Treasury’s 30-year bond increased four basis points this week, to 3.24%, which is the highest yield for the 30-year since April 4, 2012 (49 weeks ago), when it was 3.37%.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER