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MAX Index

From Wikipedia, the free encyclopedia

The MAX Index family is a set of widely used domestic government bond market benchmarks in Hungary.[1] 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.[2] on a daily basis. The index calculation method follows the EFFAS Bond Commission's total return bond index recommendations.

Index characteristics

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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

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References

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  1. ^ "Hungarian Government Bond (MÁK)". akk.hu. Retrieved 2017-05-28.
  2. ^ "Hungarian Government Debt Management Agency Ltd. Website". www.akk.hu. Retrieved 2017-05-28.