Municipal bond prices rallied briefly last Tuesday and Wednesday, but not enough to make uP for losses earlier in the week, leaving yields on The Bond Buyer's weekly bond indexes modestly higher compared to the week before.

The 20-bond and 11-bond indexes of general obligation bond yields both increased three basis points last Wednesday, to 5.49% and 5.38%, respectively, from 5.46% and 5.35% on Nov. 18. The indexes are at their highest points since Aug. 5, when the 20-bond was 5.61% and the 11-bond was 5.53%.

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