Muni Bond Indexes Weaken in Latest Week

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from the previous week at 4.12%, for the week ended Feb. 5.

Bond Buyer Indexes

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields increased 13 basis points to 3.49% from 3.36% the previous week. It is at its highest level since Dec. 31, when it was 3.56%.

The 11-Bond GO Index of higher-grade 20-year GO yields was also up 13 basis points to 3.34% from 3.21% the week ended Jan. 29. It is at its highest level in five weeks.

The Bond Buyer's Revenue Bond Index climbed 10 basis points to 4.16% from 4.06% in the previous week. It is at its highest level since Jan. 8, when it was 4.26%.

The yield on the U.S. Treasury's 10-year note inched up five basis points to 1.82% from 1.77%, while the yield on the Treasury's 30-year bond jumped nine basis points to 2.42% from 2.33% in the week prior.

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