Twenty bond index

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Twenty bond index

A benchmark indicator of the level of municipal bond yields. It consists of the yields on 20 general obligation municipal bonds with 20-year maturities with an average rating equivalent to a1l.

Twenty Bond Index

An index tracking the yields of 20 municipal bonds with 20-year maturities and a high average credit rating. It is considered a benchmark for municipal bond yields.
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This alternative measure, RATEDIFF is defined as the net interest cost of the bond issue minus the Bond Buyer 20 bond index rate for the corresponding week of sale.