The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.94% from 3.88% last week.

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was 13 basis points higher, to 3.72% from 3.59% the previous week. It is at its highest level since May 18, 2017, when it was at 3.73%.

The 11-Bond GO Index of higher-grade 11-year GOs gained 13 basis points to 3.22% from 3.09% the prior week. It is at its highest level since May 18, 2017, when it was at 3.24%.

The Bond Buyer's Revenue Bond Index elevated 13 basis points to 4.21% from 4.08% last week. It is at its highest level since Sept. 10, 2015 when it was at 4.25%.

The yield on the U.S. Treasury's 10-year note was higher to 2.79% from 2.63% the previous week, while the yield on the Treasury's 30-year increased to 3.01% from 2.89% in the prior week.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.