Muni bond Tuesday update: 10-year yield decreases

Markets Associated Press

A look at the AP Municipal Bond Index for Tuesday, Oct. 31:

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BIGGEST MOVER: Four-year bonds. Yield climbed 5 basis points over the last week to 1.40 percent.

TWO-YEAR: Yield climbed 1 basis point to 1.16 percent. The two-year/10-year spread is 117 basis points, compared with 117 basis points a week ago. The two-year/30-year spread is 174 basis points, down from 175 basis points a week ago.

10-YEAR: Yield decreased less than a basis point to 2.33 percent, compared with 2.38 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been narrowing over the last week. It was 14 basis points on Oct. 24. The 10-year/30-year spread for municipal bonds is 56 basis points.

30-YEAR: Yield fell by less than a basis point to 2.90 percent, compared with 2.88 percent for a 30-year Treasury.

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AP created this story using data from Municipal Bond Information Services and the U.S. Department of the Treasury. Learn more about the AP Municipal Bond Index at http://mbis.com/