Bond Buyer 20
Definition of 'Bond Buyer 20'A representation of municipal bond trends based on a portfolio of 20 general obligation bonds that mature in 20 years. The index is based on a survey of municipal bond traders rather than actual prices or yields. The Bond Buyer 20 is published by The Bond Buyer, a daily financial publication.Also referred to as the "20 Bond Index". |
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Investopedia explains 'Bond Buyer 20'The average rating of the 20 bonds that make up the index are grade 'Aa2' (Moody's rating) or grade 'AA' (S&P 500 rating). The bond buyer 20 index is simply a theoretical and estimated average of bond yields. |
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