Merrill Lynch Fixed Income Indices present a comprehensive view of the broad spectrum of fixed income markets – investment grade to high yield issuers - domiciled in developed to emerging markets.
The number of bond indices exceeds 3,000 and each index is delivered with a spectrum of over 30 price types.

Information provided
The database is divided into a number of sections.

AUSTRALIA HIGH GRADE, CANADA HIGH GRADE, JAPAN HIGH GRADE
These country-specific indices track the performance of local currency denominated investment grade Government and Corporate public debt.

Additional indices include Australian Government Inflation-Linked Index, Canadian Provincial & Municipal Index, and Japanese Financial Index

EUROPE HIGH GRADE
Primary Index: The Pan-Europe Broad Market Index tracks the performance of the major investment grade bond markets in the Pan-Europe region.

Sub-Indices: EMU Broad Market Index, Sterling Broad Market Index, Government Indices.

Additional Indices: Pfandbrief Indices, Financial Corporate Index, Non-Financial Corporate Index, Asset Backed Index.

US HIGH GRADE
The US Broad Market Index tracks the performance of US dollar-denominated investment grade Government and Corporate public debt issued in the US Domestic bond market, including collateralized products such as Mortgage Pass-Through and Asset Backed securities.

Sub-Indices: US Domestic Master Index, Corporate & Government Master Index, US Treasury Index, Quasi & Foreign Government Index, US Corporate Master Index, Mortgage Backed Securities Index, Fixed Rate Asset Backed Index.

Additional Indices: US Government Index, US Agency Index, Foreign Government & Supranational Index, US Financial Corporate Index, US Financial Corporate Index, US Industrial Corporate Index, Yankee Index.

GLOBAL HIGH GRADE
The Global Broad Market Index tracks the performance of investment grade public debt issued in the major domestic and Eurobond markets, including 'global' bonds.

Sub-Indices: Global Government Index, Global Broad Market Non-Sovereign Index, Global Broad Market Quasi-Government Index, Global Broad Market Corporate Index, Global Broad Market Collateralized Index.

Additional Indices: Global Large Cap Index, which tracks the performance of large capitalization investment grade public debt issued in the major domestic and Eurobond markets, including “global” bonds.

GLOBAL CURRENCY & MONEY MARKET
The Global Currency & Money Market contains country-specific indices of Spot Currency & Libid/Libor.

GLOBAL HIGH YIELD & EMERGING MARKETS
The Global High Yield & Emerging Markets Index tracks the performance of a number of investment grade global debt markets, covering both sovereign and corporate issuers denominated in the major developed market currencies.
High Yield Indices are available globally, for the US, Europe and Canada.
Emerging Markets Sovereign Indices and Brady Bonds are available for a number of emerging market countries.

System of series
Each Merrill Lynch index has a unique four digit code, from which the EcoWin code is derived. The code suffix is made up of the short code for the following array of price types: