Mu­nic­i­pal Bond In­dex

The Bond Buyer - - Market Statistics -

This In­dex is owned by The Bond Buyer. Copy­right 2017 The Bond Buyer. All rights re­served. Th­ese 40 Bonds are eval­u­ated and priced daily by Stan­dard & Poor’s Se­cu­ri­ties Eval­u­a­tions Inc. (212-4384500). Copy­right 2017 Stan­dard & Poor’s Se­cu­ri­ties Eval­u­a­tions Inc., a wholly owned sub­sidiary of The McGraw-Hill Com­pa­nies, Inc. All rights re­served. No copy or dis­tri­bu­tion per­mit­ted with­out per­mis­sion from The Bond Buyer and Stan­dard & Poor’s Se­cu­ri­ties Eval­u­a­tions Inc. No war­ranty is made as to the ac­cu­racy or com­plete­ness of this data.

The Mu­nic­i­pal Bond In­dex pre­sented to­day em­ploys the co­ef­fi­cient de­rived from the Septem­ber 15, 2017 pric­ing, when it was set at 1.0661. The av­er­age price rep­re­sents the sim­ple av­er­age price of the 40 bonds. The yield to par call is com­puted from the av­er­age price, the av­er­age coupon (4.37%), and the av­er­age first par call date ( April 05, 2025). Non­callable bonds are in­cluded in the par call yield cal­cu­la­tions, with their ma­tu­rity dates serv­ing as their par call dates in the cal­cu­la­tions. The yield to ma­tu­rity is com­puted from the av­er­age price, the av­er­age coupon, and the av­er­age ma­tu­rity date (Septem­ber 12, 2044).

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