A look at the AP Municipal Bond Index for Friday, Sept. 22:
BIGGEST MOVER: Six-year bonds. Yield increased 7 basis points over the last week to 1.53 percent.
TWO-YEAR: Yield rose less than a basis point to 1.01 percent. The two-year/10-year spread is 127 basis points, down from 128 basis points a week ago. The two-year/30-year spread is 184 basis points, down from 187 basis points a week ago.
10-YEAR: Yield decreased less than a basis point to 2.28 percent, compared with 2.26 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been narrowing over the last week. It was 5 basis points on Sept. 15. The 10-year/30-year spread for municipal bonds is 57 basis points.
30-YEAR: Yield decreased by less than a basis point to 2.85 percent, compared with 2.80 percent for a 30-year Treasury.
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/
Keywords: Muni Bonds