| This week | Month ago | Year ago | |
|---|---|---|---|
| Bond Buyer's 20 bond index | 3.47 | 3.21 | 2.26 |
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.