What Is the Blue List?

The blue list is a daily listing of bonds, mostly of the tax-exempt municipal variety, that are currentl⛦y for sale by banks and dealers who represent the offerin🙈gs.

Understanding the Blue List

The printed version of the blue list included mainly tax-exempt municipal debt securities. Then, as now, these investment products have basic terms defined, such as the 澳洲幸运5官方开奖结果体彩网:notional amount, interest rate yields, and 澳洲幸运5官方开奖结果体彩网:maturity date. Typica🧸lly their classification is from their level of default risk, the type of issuer, and income payment 💮cycles.

There are two main kinds of municipal bonds that would hav༒e appea💮red on a blue list.

1. A 澳洲幸运5官方开奖结果体彩网:general obligation bond (GO) is issued by governmental entities, but not backed by revenue from a specific project. An example would be a GO bond to fund the construction of a toll road. Dedicated property taxes back some GO bonds while others are payable from general funds.
2. A 澳洲幸运5官方开奖结果体彩网:revenue bond secures principal and interest payments through the issuer or sales, fuel, hotel occupancy, or other taxes. When a municipality is a 澳洲幸运5官方开奖结果体彩网:conduit issuer of bonds, a third party covers interest and principal payments.

Electronic Blue List

Historically, a bond's quality rating did not appear on the blue list. Since these listings are now available electronically, this information may now appear depending on the platform in use. Information on the electronic blue list available to investors today include:

• The name of the bond issuing authority, such as the corporate or state, municipality, or county agency
• The CUSIP number is a unique identification symbol assigned to all stocks and registered bonds in the United States and Canada.
• The 澳洲幸运5官方开奖结果体彩网:coupon rate for the investment is the annual rate of interest paid on the face value of the bond, shown as a percentage. For example, a 5% coupon rate means that bondholders will receive 5% x $1,000 face value = $50 every year.
• The 澳洲幸运5官方开奖结果体彩网:face value, also known as par value, is the amount paid to a bondholder at the maturity date, provided that the issuer does not default or call the bond early.
• The date of maturity for the investment is the day the bond matures and the issuer pays the bondholder the face value of the investment.
• The 澳洲幸运5官方开奖结果体彩网:yield to maturity (YTM) of the bond is an estimate of what an investor will receive if holding the bond to its maturity date.
• The reason for issuance of the debt security, such as the construction of a new bridge or to raise revenue for schools
• The name of the bank or dealer offering the bond