In the week ended Feb. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.11% last week.
The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased one basis point to 4.23% from 4.22% in the previous week. It is at its highest level since Jan. 24 when it was at 4.23%.
The 11-bond GO Index of higher-grade 11-year GOs was one basis point higher to 3.70% from 3.69% in the previous week. It is at its highest level in two weeks.
The Bond Buyer’s Revenue Bond Index rose one basis point to 4.70% from 4.69% the week before. It is at its highest level since Jan. 24, when it was at 4.70%.
The yield on the U.S. Treasury’s 10-year note increased to 2.65% from 2.63%, while the yield on the 30-year Treasury fell to 2.99% from 3.00%.