Municipal Bond Index
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 October 31, 2017 pricing, when it was set at 1.0652. 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 (4.31%), and the average first par call date ( August 10, 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 15, 2044).