Muni bond Wednesday update: 10-year yield rises

Markets Associated Press

A look at the AP Municipal Bond Index for Wednesday, Nov. 29:

Continue Reading Below

BIGGEST MOVER: Four-year bonds. Yield rose 16 basis points over the last week to 1.72 percent.

TWO-YEAR: Yield rose 2 basis points to 1.50 percent. The two-year/10-year spread is 94 basis points, up from 92 basis points a week ago. The two-year/30-year spread is 143 basis points, compared with 143 basis points a week ago.

10-YEAR: Yield climbed 3 basis points to 2.44 percent, compared with 2.37 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been widening over the last week. It was 1 basis point on Nov. 22. The 10-year/30-year spread for municipal bonds is 49 basis points.

30-YEAR: Yield increased by 3 basis points to 2.93 percent, compared with 2.81 percent for a 30-year Treasury.


Continue Reading Below

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