Bond Buyer indexes weaken, pushing revenue index to highest level since 2015

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.

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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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