Lehman Brothers Municipal Bond Index

Lehman Brothers Municipal Bond Index

A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds with long-term maturities (greater than two years) selected from issues larger than $50 million.

Lehman Brothers Municipal Bond Index

An index that tracks most investment-grade municipal bonds. Specifically, it tracks bonds with maturities of more than two years and with issues greater than $50 million. It is a subset of the Lehman Brothers Aggregate Bond Index. Following Lehman Brothers' bankruptcy, it began to be managed by Barclays.
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By contrast, correlation for the Lehman Brothers Municipal Bond Index was only 80%.
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