Standard & Poor’s, announced that it has expanded its closely followed family of municipal bond indices with the launch..
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of the S&P Taxable Municipal Bond Index.
The S&P Taxable Municipal Bond Index is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade U.S. taxable municipal bond market. The Index is the first that provides a broad benchmark series of sub indices that can be used for performance benchmarking and attribution analysis, as well as to reflect the performance of more liquid segments of the taxable municipal bond market.
“Issuance of municipal bonds in 2010 is at a record pace, and taxable municipal bonds, led by Build America Bonds, are becoming an asset class with global appeal,” notes JR Rieger, Vice President of Fixed Income Indices at S&P Indices.
Source: ETFWorld – Standard & Poor’s
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