DEFINITION of 'Bond Buyer Index'
An index published by The Bond Buyer, a daily finance newspaper that covers the municipal bond market. Investors use the Bond Buyer Index to plot interest rate patterns in the municipal market. Traders use the daily Bond Buyer Index to trade municipal bond index futures and futures options at the Chicago Board Of Trade (CBOT).
Also referred to as the "Bond Buyer's Municipal Bond Index".
BREAKING DOWN 'Bond Buyer Index'
The Bond Buyer Index includes the Bond Buyer 20 Index, the Bond Buyer 11 Index and the Revenue Bond Index.