A look at the AP Municipal Bond Index for Monday, Dec. 4:
BIGGEST MOVER: 30-year bonds. Yield decreased 7 basis points over the last week to 2.81 percent.
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TWO-YEAR: Yield dropped 1 basis point to 1.48 percent. The two-year/10-year spread is 86 basis points, down from 94 basis points a week ago. The two-year/30-year spread is 133 basis points, down from 144 basis points a week ago.
10-YEAR: Yield dropped 2 basis points to 2.34 percent, compared with 2.37 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been narrowing over the last week. It was 6 basis points on Nov. 27. The 10-year/30-year spread for municipal bonds is 47 basis points.
30-YEAR: Yield decreased by 4 basis points to 2.81 percent, compared with 2.77 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/