Lehman Brothers New York Municipal Bond Index

Lehman Brothers New York Municipal Bond Index

A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in the state of New York. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Lehman Brothers New York Municipal Bond Index

An index that tracks most investment-grade municipal bonds in New York. 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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