Merrill Lynch Domestic Master
The Merrill Lynch Domestic Master is a common American Bond index, analogous to the S&P 500 for stocks, owned by Merrill Lynch. The Domestic Master is similar to the Salomon BIG or the Lehman U.S. Aggregate (The Agg). The Domestic Master Index was created on December 31, 1975. The index is re-balanced on the last calendar day of the month.
The Domestic Master Index (Ticker D0A0) is part of the larger Merrill Lynch US Broad Market (US00). The Domestic Master follows the US dollar denominated investment grade Public Corporate and Government debt. Treasuries, mortgage-backed securities, global bonds (debt issued simultaneously in the eurobond and US domestic bond markets) and some Yankee Bonds (debt of foreign issuers issued in the US domestic market) are included in the Domestic Master Index.
However, the Domestic Master index excludes asset-backed securities (ABS), tax-exempt municipal debt, 144A's and any bond without a fixed coupon schedule, less than a $1 billion outstanding for US Treasuries and $150 million for all other securities, and less than one year remaining term to maturity.
Wikimedia Foundation. 2010.
Look at other dictionaries:
List of bond market indices — Commonly used bond indices include:Global* Lehman Aggregate Bond Index a family of global and regional bond indices ( [http://www.lehman.com/fi/indices/global.htm] )U.S. bonds*Lehman U.S. Aggregate *Salomon BIG *Merrill Lynch Domestic Master *… … Wikipedia
Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… … Wikipedia
Bond market — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal … Wikipedia
Salomon BIG — The Salomon Broad Investment Grade Index (known as the Salomon BIG or Citigroup BIG) is a common American Bond index, akin to the S P 500 for stocks, originally owned by Salomon Brothers and now run by its successor, Citigroup. The BIG is… … Wikipedia
Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as … Wikipedia
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Baruch College — Coordinates: 40°44′25″N 73°59′00″W / 40.740159°N 73.98338°W / 40.740159; 73.98338 … Wikipedia
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast … Universalium
japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… … Universalium