Bond Buyer's 20 bond index
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What it means: Bond Buyer is a daily publication, commonly known as the Red Book, featuring many essential statistics and index figures relative to the fixed income markets. This index tracks the prices of a selected group of municipal bonds.
How it's used: It's an index that is used to set the cost of municipal debt. It helps indicate the direction of municipal bond prices, but otherwise has little impact on most ordinary investors.
HIGH YIELD CD AND MMA RATES