Standard & Poor’s Securities Evaluations Inc. revised its price quotations for March 11, 2008, for two of the bonds in the Bond Buyer Municipal Bond Index.
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The price for the Chicago, Ill., airport 5% bond due Jan. 1, 2033 (CUSIP: 1675923J1) was revised to 98.50. The price for the Chicago, Ill., airport 5% bond due Jan. 1, 2038 (CUSIP: 1675923L6) was revised to 98.00.
As a result, the Municipal Bond Index for March 11 should have been 106-11, the average dollar price should have been 96.07, and the average yield to par call should have been 5.43%. The average yield to maturity was unaffected.
