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This chart outlines current and historical
data for several short-term interest rate indices that are
relevant to the municipal market. It presents the current
and previous weeks; levels as well as the 1-year,
5-year and 10-year trailing averages for the BMA Index,
1-Month LIBOR and 3-Month LIBOR. The BMA Index is the index
of high-grade, tax-exempt weekly variable rate demand bonds.
One-Month and Three-Month LIBOR are market standards for
short-term taxable rates.
MMD: Municipal Market Data
BMA: Bond Market Association
LIBOR: London Interbank Offer Rate
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