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Muni bond Wednesday update: 10-year yield rises

October 18, 2017

A look at the AP Municipal Bond Index for Wednesday, Oct. 18:

BIGGEST MOVER: 24-year bonds. Yield fell 6 basis points over the last week to 2.76 percent.

TWO-YEAR: Yield dropped less than a basis point to 1.08 percent. The two-year/10-year spread is 120 basis points, down from 124 basis points a week ago. The two-year/30-year spread is 175 basis points, down from 180 basis points a week ago.

10-YEAR: Yield increased less than a basis point to 2.28 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 3 basis points on Oct. 11. The 10-year/30-year spread for municipal bonds is 55 basis points.

30-YEAR: Yield decreased by 1 basis point to 2.82 percent, compared with 2.85 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/

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