Nearly all of The Bond Buyer's weekly yield indexes increased this week, as uncertainty in the auction-rate market helped push yields higher through the latter part of the week.

"Auction rates are really the story of the week. They're adding a lot of uncertainty to the picture," said Fred Yosca, managing director and head of trading at BNY Capital Markets. "I think the auction-rate situation by and large is going to resolve itself, at least as far as the municipal credits go, but right now there's so much fear and uncertainty that it's affecting everything."

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