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Citigroup BIG

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Title: Citigroup BIG  
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Subject: Bond (finance), Bond market
Publisher: World Heritage Encyclopedia

Citigroup BIG

The Salomon Broad Investment Grade Index (known as the Salomon BIG or Citigroup BIG) is a common American Bond index, akin to the S&P 500 for stocks, originally owned by Salomon Brothers and now run by its successor, Citigroup. The BIG is generally used for managing broad debt portfolios from short to long-dated maturities, similar to the Barclays Capital Aggregate Bond Index ("Agg") or the Merrill Lynch Domestic Master.

The BIG includes treasuries, agency debt, corporates, non-corporate credit, mortgage-backed securities, and asset-backed securities (ABS). Unlike the Agg, it includes 144As, but unlike the Agg, it does not include municipals or commercial mortgage-backed securities (CMBS). Like the Agg, the BIG does not include any inflation-indexed bonds, and is limited to investment grade securities, including no high-yield debt or emerging market debt.

See also

External links

  • Official factsheet
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