A look at the AP Municipal Bond Index for Thursday, Oct. 19:
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BIGGEST MOVER: 30-year bonds. Yield decreased 6 basis points over the last week to 2.82 percent.
TWO-YEAR: Yield rose less than a basis point to 1.08 percent. The two-year/10-year spread is 118 basis points, down from 122 basis points a week ago. The two-year/30-year spread is 174 basis points, down from 179 basis points a week ago.
10-YEAR: Yield dropped 2 basis points to 2.26 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 Oct. 12. The 10-year/30-year spread for municipal bonds is 56 basis points.
30-YEAR: Yield dropped by 1 basis point to 2.82 percent, compared with 2.83 percent 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/
