The term Associated Press Municipal Bond Index refers to a composite that measures the performance of more than 5,200 tax-exempt municipal bonds. The Associated Press Municipal Bond Index provides a benchmark of the current outlook for municipal bonds in the United States.
Explanation
The Associated Press Municipal Bond Index measures the performance of the nearly $4 billion municipal bond market. The index will track the trading of more than 5,200 tax-exempt municipal bonds issued in the United States. Performance of this measure can reveal investor sentiment towards this set of smaller government entities.
The Associated Press (AP) launched this index on August 1, 2016, with Municipal Bond Information Services LLC, a national association of inter-dealer brokers, collaborating on the effort. The AP Municipal Bond Index is the only benchmark based on observable, intraday pre-trade and trade data.
The term NYSE Amex Composite refers to an index that includes stocks in the NYSE Amex equities market. The NYSE Amex Composite Index represents the aggregate value of both common shares and American Depositary Receipts (ADRs) of AMEX-listed companies.
The term NYSE Arca Major Market Index refers to a composite that includes twenty blue chip industrial stocks. There is significant overlap between the NYSE Arca Major Market Index and the Dow Jones Industrial Average.
The term NYSE Arca Gold Miners Index refers to a composite of publicly-traded gold and silver mining companies operating throughout the world. The NYSE Arca Gold Miners Index includes common stock as well as depository receipts quoted on major stock exchanges.
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