Muni bond Wednesday update: 10-year yield rises

Markets Associated Press

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

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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.

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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/