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MAX Index

Domestic government bond market benchmarks in Hungary

The MAX Index family is a set of widely used domestic government bond market benchmarks in Hungary. The index family consists of the RMAX, MAX, MAX Composite and ZMAX indices. The indices calculated and published by the Hungarian Government Debt Management Agency Ltd. on a daily basis. The index calculation method follows the EFFAS Bond Commission's total return bond index recommendations.

Index characteristics

The inception date is December 31, 1996 and each index consists of local currency-denominated fixed-rate government bonds and bills of the Hungarian Republic.

RMAX Index consists of bills and bonds in maturity range of 91–365 days and rebalances every fortnight
MAX Index consists of bonds in maturity range of over 365 days and rebalances monthly
MAX Composite Index is the composite of the RMAX and MAX indices
ZMAX Index consists of bills and bonds in maturity range of 14–182 days and rebalances weekly

External sources

References

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

economy-of-hungary government-bond-indices

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