Bond Buyer Municipal Securities Indexes

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Chapters in this video

  1. 0:00 Bond Buyer and muni pricing
  2. 1:28 20 and 11 GO indexes
  3. 3:18 40 MBI and 6% coupon
  4. 4:34 Revdex-25 revenue bonds
  5. 5:10 Daily versus weekly publication
  6. 5:59 Rising yields, falling prices
  7. 6:58 Rapid-fire index recap

What this video covers

  • What The Bond Buyer is and why underwriters use its indexes to price new municipal issues
  • How the 20 Bond Index tracks 20 high-grade general obligation bonds maturing in 20 years
  • How the 11 Bond Index tracks a more selective group of 11 higher-quality general obligation bonds
  • Why the 11 Bond Index is a subset of the 20 Bond Index, and why both are general obligation only
  • Why the 40 Bond Index is the broadest index, combining general obligation and revenue bonds and standardizing prices to a 6% coupon
  • What the Revdex-25 tracks: 25 revenue bonds maturing in 30 years
  • Which index is published daily, which indexes are published weekly, and how rising index yields signal falling bond prices

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