Muni bond Wednesday update: 10-year yield decreases

A look at the AP Municipal Bond Index for Wednesday, Nov. 8:

BIGGEST MOVER: 30-year bonds. Yield decreased 13 basis points over the last week to 2.75 percent.

TWO-YEAR: Yield dropped less than a basis point to 1.21 percent. The two-year/10-year spread is 102 basis points, down from 114 basis points a week ago. The two-year/30-year spread is 153 basis points, down from 169 basis points a week ago.

10-YEAR: Yield decreased 1 basis point to 2.23 percent, compared with 2.32 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been widening over the last week. It was 4 basis points on Nov. 1. The 10-year/30-year spread for municipal bonds is 52 basis points.

30-YEAR: Yield dropped by 3 basis points to 2.75 percent, compared with 2.79 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