Heavy new-issue supply and turbulent currency markets continued to burden the municipal market this week, pushing yields higher on The Bond Buyer's weekly bond indexes.

The 20-bond and 1 -bond indexes of general obligation yields both increased six basis points, to 6.33% and 6.23%. respectively, from 6.27% and 6.17% a week ago. The GO indexes have not been at such levels since July 1, when the 20-bond was 6.38% and the 11-bond was 6.29%.

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.