Muni bond Thursday update: 10-year yield rises

A look at the AP Municipal Bond Index for Thursday, Nov. 9:

BIGGEST MOVER: 30-year bonds. Yield decreased 12 basis points over the last week to 2.75 percent.

TWO-YEAR: Yield climbed 3 basis points to 1.24 percent. The two-year/10-year spread is 99 basis points, down from 112 basis points a week ago. The two-year/30-year spread is 151 basis points, down from 168 basis points a week ago.

10-YEAR: Yield rose 1 basis point to 2.24 percent, compared with 2.33 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been widening over the last week. It was 3 basis points on Nov. 2. The 10-year/30-year spread for municipal bonds is 52 basis points.

30-YEAR: Yield increased by 1 basis point to 2.75 percent, compared with 2.81 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