June 13, 2013
The Bond Buyer's 20-Bond Index® continued heading for higher ground, jumping 23 basis points to end at 4.16. This surprising rise in the Index was foreshadowed earlier in the week by the market's grudging acceptance of new bond issues. That lead traders to get stingy with their bids in the secondary market.
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.
PLEASE NOTE: Due to the drop in the index on October 1,2009, we changed the scale on the chart below by lowering the minimum by 25 basis points.
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 June 16, 2013