The Bond Buyer

Question 1

Visible Supply

Answer 1

The 30-Day visible supply is compiled on a daily basis (with weekly average shown) by adding together he total dollar value of all municipal securities being underwritten on a competitive and negotiated basis which are expected to reach the market over the next 30 days.

Question 2

The 20 Bond Index

Answer 2

This shows the average yield on 20 general obligation bonds with 20-year maturities.

All these bonds have an average rating of Aa2 for Moody’s and AA for S&P.

Question 3

The 11 Bond Index

Answer 3

This index shows the average yield on 11 of the 20 bonds that are in the 20 bond index and has an average rating of:

Aa1 for Moody’s
AA+ for S&P

Question 4

Bond Buyer Municipal Bond Index

Answer 4

This index represents the average of the prices of the 40 recently issued and actively traded municipal bonds.

The prices are calculated based on quotations that are obtained from municipal broker’s brokers.

Published daily.

Question 5

The SIFMA Index

Answer 5

A seven-day market index of Variable Rate Demand Obligations with at least $10M outstanding.

Question 6

Municipal Market Data Curve (MMD)

Answer 6

This is the yield curve of the highest-rated (AAA) muni bonds and is published by Thomson Reuters.

Question 7

The Bond Buyer

Answer 7

Is an online newspaper of the municipal industry that contains news that is pertinent to both the municipal market and the financial community in general.