What is the MMD curve?

The yield curve of the highest-rated (AAA) municipal bonds as published by Thomson Reuters.

What is MMD in municipal bonds?

The Thomson Reuters Municipal Market Data (MMD) AAA Curve is a proprietary yield curve that provides the offer-side of “AAA” rated state general obligation bonds, as determined by the MMD analyst team.

What is the MMD rate?

An MMD Rate Lock permits a Fund to lock in a specified municipal interest rate for a portion of its portfolio to preserve a return on a particular investment or a portion of its portfolio as a duration management technique or to protect against any increase in the price of securities to be purchased at a later date.

What is Thomson Municipal Market Monitor?

The Municipal Market Monitor (TM3) as it relates specifically to the US municipal bond industry. TM3 has been delivering the municipal market’s MMD AAA benchmark for over 30 years, and is integrated into the most comprehensive source of critical municipal market information.

What is TM3 finance?

THE MUNICIPAL MARKET MONITOR(TM3)