MAX Index

The MAX Index family is a set of widely used domestic government bond market benchmarks in Hungary.

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

.

• 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

• Government Debt Management Agency Ltd.
• Detailed Index Descriptions

References