The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased two basis points this week, to 4.05% for the week ending Feb. 21, 2013. This is the highest weekly average for the yield to maturity since the week ended Jan. 10, 2013 (six weeks ago), when it was 4.07%.
The 20-Bond GO Index of 20-year general obligation yields rose two basis points this week, to 3.74%. This is the highest level for the index since Sept. 13,, 2012 (23 weeks ago), when it was 3.79%.
The 11-Bond GO Index of higher-grade 20-year GO yields gained three basis points this week, to 3.51%, which is its highest level since Sept. 20, 2012 (22 weeks ago), when it was also 3.51%.
The Bond Buyer’s Revenue Bond Index, which measures 30-year revenue bond yields, was unchanged this week, at 4.30%. It remains at its highest level since Jan. 3, 2013 (seven weeks ago), when it was also 4.30%.
The yield on the U.S. Treasury’s 10-year note declined two basis points this week, to 1.98%, but remained above its 1.96% level from two weeks ago.
The yield on the Treasury’s 30-year bond dropped one basis point this week, to 3.17% -- the same level as two weeks ago.
