April 10, 2014
The Bond Buyer's 20-Bond Index® dropped 12 basis points to 4.32 and a new low for 2014. The Index reflected a strength in the municipal bond market throughout the week and followed U. S. Treasury securities, which moved even lower in yield.
With the stock market seemingly on the downturn and tax day, April 15 on the horizon, the fixed income securities may stay in the same range for the coming week.
Below are links to The Bond Buyer's ® 20- Bond Index along with a chart showing the trend of the Bond Buyer's ® 20-Bond Index for the past two years. For those interested, we have data for prior years and will be pleased to provide it upon request.
The Municipal Securities Rulemaking Board's EMMA system is now mandatory for new issue disclosure as well as continuing disclosure. Both the preliminary and final official statements can be downloaded from the following web address: EMMA. And now, information on bond ratings has been added.
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Modified April 11, 2014