NEW YORK, June 11 /PRNewswire/ -- Standard & Poor's, the world's leading index provider, announced today that it has expanded its closely followed family of municipal bond indices with the launch of the S&P Taxable Municipal Bond Index.
The S&P Taxable Municipal Bond Index is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade U.S. taxable municipal bond market. The Index is the first that provides a broad benchmark series of sub indices that can be used for performance benchmarking and attribution analysis, as well as to reflect the performance of more liquid segments of the taxable municipal bond market.
"Issuance of municipal bonds in 2010 is at a record pace, and taxable municipal bonds, led by Build America Bonds, are becoming an asset class with global appeal," notes JR Rieger, Vice President of Fixed Income Indices at S&P Indices.
For more information on these Indices, please visit: www.fixedincomeindices.standardandpoors.com.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's