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January 12, 2012 WHAT A NEW YEAR !The Bond Buyer's ® 20-Bond Index plunged 21 basis points to 3.62, a rate that we have not seen since 1967! The drop is attributed to rising demand for municipal bonds along with a weak supply of new issues.
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Please note that we changed the scale on our chart by lowering the maximum from 6.25% to 5.5 and the minimum from 3.75 to 3.5 in order to accomodate this week's Index. |
Below are links to The Bond Buyer's ® 20- Bond Index along with a chart showing the trend of the Bond Buyer's ® 20-Bond Index for the past two years. For those interested, we have data for prior years and will be pleased to provide it upon request.
PLEASE NOTE: Due to the drop in the index on October 1,2009, we changed the scale on the chart below by lowering the minimum by 25 basis points.
The Municipal Securities Rulemaking Board's EMMA system is now mandatory for new issue disclosure as well as continuing disclosure. Both the preliminary and final official statements can be downloaded from the following web address:EMMA. Beginning May 23, 2011, issuers of municipal bonds may offer voluntary disclosures, including notice of bank sale, interim financial reports and other information the issuer deems to be of interest to investors.
Copyright 2003-11 Provident Capital LLC. All rights reserved.
Modified January 15, 2012