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Associated Press Municipal Bond Index Definition

Definition

The word Associated Press Municipal Bond Index identifies a composite which measures the operation of over 5,200 tax exempt municipal bonds. Even the Associated Press Municipal Bond Index gives a reference of their present prognosis for municipal bonds from the United States.

Explanation

The Associated Press Municipal Bond Index measures the overall performance of this almost $4 billion civil bond marketplace. The indicator will track the trading of over 5,200 tax exempt municipal bonds issued from the United States. Performance with the step can show investor opinion within this kind of smaller government entities.

The Associated Press (AP) established that indicator over August 1, 20-16, together with Municipal Bond Information Services LLC, a nationwide institution of inter-dealer brokers, cooperating to the campaign. Even the AP Municipal Bond Index will be the sole benchmark primarily based on visible, intra-day pre-trade and trade statistics.