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Finance Dictionary and Glossary of Investment Terms
Barron''s confidence index
Index measuring the ratio of the average yield on 10 top-grade bonds to the average yield on 10 intermediate-grade bonds. The discrepancy between high-rated top-grade bonds and low-rated bond yields establishes a measure that is indicative of investor confidence.
A confidence indicator calculated by dividing the average yield on high-grade bonds by the average yield of intermediate-grade bonds. The discrepancy between the yields is indicative of investor confidence.