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SDX Index for Government Bonds |
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| Date |
6. 12. 2007 |
| SDX Index |
0,0000 |
-100% |
| YTM |
0,0000% |
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| Weights of SDX Index for Government Bonds |
| History of SDX Index for Government Bonds |
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| Since October 1, 1996, the BSSE has also had a bond market development indicator - the Slovak Bond Index - SDX. The SDX index has two components. The first component is comprised of government bonds; the second one is comprised of corporate bonds. |
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K = correction quotient
Wi = weight of i-th bond
Pi = indicative price of i-th bond on the BSSE
AUVi = aliquot interest yield for i-th bond at the given time |
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| Having considered all specifics of the Slovak bond market, the BSSE has chosen a cumulative formula comprising both capital changes (prices) and interest changes (aliquot interest yield and coupon payments) as the most suitable one for the SDX index. The index is constructed in such a way that it represents the value of 100 Sk invested in the index portfolio at the beginning of trading. The value of the index increases together with increasing accumulated interest yield, and increases or decreases together with the movement of prices in the market. Individual issues in the index portfolio are assigned weights proportional to the total amount of the issue. The initial value of the SDX index - 100%- refers to October 1, 1996. |
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