Lehman Brothers New York Municipal Bond Index


 

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Lehman Brothers New York Municipal Bond Index

A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in the state of New York. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million.



Lehman Brothers New York Municipal Bond Index

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Single state municipal bond fund

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A mutual fund investing only in government obligations within a single state, with state tax-free dividends, but taxed capital gains.


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