Majority of BB index yields rise, while BB40 yield falls

Bonds

In the week ended Dec. 13, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.13% from 4.15% last week.

The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields jumped to 4.18% from 4.12% in the previous week. It is at its highest level since Nov. 29, when it was at 4.22%.

The 11-bond GO Index of higher-grade 11-year GOs increased to 3.67% from 3.63% in the previous week. It is at its highest level since two weeks ago, when it was 3.73%.

The Bond Buyer’s Revenue Bond Index rose to 4.65% from 4.58% the week before. It is at its highest level since Nov. 29, when it was at 4.68%.

The yield on the U.S. Treasury’s 10-year note was higher to 2.91% from 2.88%, while the yield on the 30-year Treasury increased to 3.16% from 3.14%.

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