This index is the U.S. Government/Credit component of the U.S. Aggregate Index. The Government/Credit index includes securities in the Government and Credit Indices.
Lehman Brothers Intermediate U.S. Government/Credit Index
This index is the Intermediate component of the U.S. Government/Credit index. It consists of securities in the intermediate maturity range of the Government/Credit Index. Securities must have a maturity from one up to (but not including) ten years.
Lehman Brothers U.S. Long Government/Credit Index
This index is the Long component of the U.S. Government/Credit index.. It consists of securities in the long maturity range of the Government/Credit Index. Securities must have a maturity of ten years or more.
This index is the U.S. Government component of the U.S. Government/Credit Index. It consists of securities issued by the U.S. Government (i.e., securities in the Treasury and Agency Indices). This includes public obligations of the U.S. Treasury with a remaining maturity of one year or more and publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt.
Lehman Brothers 1-3 Year U.S. Government Bond Index
This index is the 1-3 year component of the U.S. Government index. It consists of securities in the U.S. Government Index with a maturity from one up to (but not including) three years.
Lehman Brothers began publishing municipal bond indices in January 1980. They are broad market performance benchmarks for the tax-exempt bond market. Like the other Lehman Brothers bond indices, the Municipal Indices are rule-based and market-value weighted. To be included in the Lehman Brothers Municipal Bond Index, bonds must have a minimum credit rating of at least Baa, have an outstanding par value of at least $5 million and be issued as part of a transaction of at least $50 million. The bonds must have been issued after December 31, 1990, and have a remaining maturity of at least one year. Taxable municipal bonds, bonds with floating rates, and derivatives are excluded.
This index is the U.S. Treasury component of the U.S. Government Index. It consists of public obligations of the U.S. Treasury with a remaining maturity of one year or more.
This index is the 1-3 year component of the U.S. Treasury index. Securities in the Treasury Index (i.e., public obligations of the U.S. Treasury) with a maturity from one up to (but not including) three years.
This index is the 20+ Year component of the U.S. Treasury index. It consists of securities in the Treasury Index (i.e. public obligations of the U.S. Treasury) with a maturity of 20 years or more.
The Lehman Brothers Aggregate Index represents securities that are U.S. based, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.
This index is the U.S. Agency component of the U.S. Government/Credit index. It consists of publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government (such as USAID securities). The largest issues are Fannie Mae, the Resolution Trust Funding Corporation (REFCORP), and the Federal Home Loan Bank System (FHLB). The index includes both callable and non-callable agency securities.
This index is the U.S. Credit component of the U.S. Government/Credit Index. It consists of publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The U.S. Credit Index is the same as the former U.S. Corporate Investment Grade Index, which has been renamed the U.S. Credit Index. The name change is effective as of 6/1/00 (for statistics) and as of 7/1/00 (for returns).
This index is the ABS component of the U.S. Aggregate Index. The Asset-Backed Securities (ABS) Index has five subsections: Credit and charge cards, Autos, Home equity loans, Utility, Manufactured Housing. The index includes pass-through, bullet, and controlled amortization structures. The ABS Index includes only the senior class of each ABS and the ERISA-eligible B issue.
The Lehman Brothers High Yield Index covers the universe of fixed rate, non-investment grade debt. Pay-in-kind (PIK) bonds, Eurobonds, and debt issues from countries designated as emerging markets (e.g., Argentina, Brazil, Venezuela, etc.) are excluded, but Canadian and global bonds (SEC registered) of issuers in non-emerging countries are included. Original issue zeroes, step-up coupon structures, and 144-As are also included.