Yields on The Bond Buyer's revenue bond index shot to the highest level since late 1992, as a nervous market bided its time before the Federal Reserve Board's inevitable tightening.

The revenue index jumped 17 basis points to 6.60% yesterday from 6.43% a week ago. This is the highest level since Nov. 5, 1992, when the index reached 6.70%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.