Twenty bond index

Twenty bond index
Definition: [crh] A benchmark indicator of the level of municipal bond yields.

TWENTY BOND INDEX " The average yield to maturity (on a particular day) on twenty select general obligation bonds with twenty year maturities. The BBI is computed on Thursday afternoon and published in the Daily Bond Buyer of Friday.

Twenty bond index
A benchmark indicator of the level of municipal bond yields. It consists of the yields on 20 general obligation municipal bonds with 20-year maturities with an average rating equivalent to a1l.

Twenty Bond Index (finance term)
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The average yield of eleven general obligation municipal bonds with 20 year maturities. The eleven bonds are taken from the twenty bonds within the Twenty Bond Index.

The paper basically concentrates on new issues and publishes a variety of municipal industry statistics. These statistics include: Eleven Bond Index, Revenue Bond Index, Twenty Bond Index and Visible Supply.

an up-front or back-end commission, but instead take out up to 1.25% of average daily fund assets each year to cover the costs of selling and marketing shares, an arrangement allowed by the SEC's Rule 12B-1 (passed in 1980).
Twenty bond index ...

See also: Visible supply, Exercise price, Spread position, Bills, Sell order