A look at the AP Municipal Bond Index for Monday, Nov. 20:
BIGGEST MOVER: Two-year bonds. Yield rose 6 basis points over the last week to 1.34 per cent.
TWO-YEAR: Yield rose 1 basis point to 1.34 per cent. The two-year/10-year spread is 95 basis points, down from 101 basis points a week ago. The two-year/30-year spread is 146 basis points, down from 152 basis points a week ago.
10-YEAR: Yield decreased less than a basis point to 2.29 per cent, compared with 2.37 per cent for a 10-year Treasury. The gap between 10-year municipal bonds and Treasurys has been narrowing over the last week. It was 11 basis points on Nov. 13. The 10-year/30-year spread for municipal bonds is 52 basis points.
30-YEAR: Yield rose by 1 basis point to 2.81 per cent, compared with 2.78 per cent for a 30-year Treasury.
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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/
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.