A look at the AP Municipal Bond Index for Tuesday, Nov. 28:
BIGGEST MOVER: Eight-year bonds. Yield climbed 14 basis points over the last week to 2.14 percent.
TWO-YEAR: Yield rose 3 basis points to 1.47 percent. The two-year/10-year spread is 94 basis points, up from 93 basis points a week ago. The two-year/30-year spread is 143 basis points, down from 145 basis points a week ago.
10-YEAR: Yield increased 3 basis points to 2.41 percent, compared with 2.34 percent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been widening over the last week. It was 6 basis points on Nov. 21. The 10-year/30-year spread for municipal bonds is 49 basis points.
30-YEAR: Yield increased by 2 basis points to 2.90 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/