BondsOnlineQuotes and Data (“BondsOnline”) provides evaluated prices, reference data, and global securities prices designed to support financial institutions’ pricing activities, securities operations, research, and portfolio management. Data on more than 7 million securities, including evaluated pricing on approximately 2.8 million fixed income and international equity issues, is collected, edited, and maintained by us and by our data partners, Thomson Reuters and Interactive Data.
Corporate Bond Spread and Yield Data
We provide our clients with on-demand, immediate access to corporate bond yield and spread data for all credit levels and maturities: high yield to high quality. Our database contains daily spread data from 2001, for five sectors, and is used by financial professionals to obtain independent pricing to meet mark-to-market obligations, historical pricing for estate or tax valuations, or securities research for investment decisions.
Evaluated Prices for Securities
We provide our clients with evaluated prices that represent good faith opinions as to what a buyer in the marketplace would pay for a security (typically in an institutional round-lot position) in a current sale.
Evaluated prices are provided for the following asset classes:
U.S. corporate and government bonds, including investment grade and high-yield bonds and preferred stocks, fixed and floating rate securities, stripped coupon and principal issues;
U.S. money market instruments;
U.S municipal bonds including taxable and tax-exempt and investment grade and high yield;
U.S agency/GSE pass-through securities, including FNMA, FHLMC, GNMA, and SBA securities;
Emerging market debt;
U.S. whole loan residential mortgages;
International corporate and sovereign issues;
International convertible securities;
European money market instruments;
European ABS and MBS.
Evaluated pricing for certain equities include:
Global and American Depository Receipts;
Fair Value Information Services for international equities, international equity index futures and international equity options.
Fixed Income Evaluations
Daily evaluated pricing for approximately 2.8 million fixed income securities, based on market information available at the time and generated using proprietary evaluated pricing models and methodologies. Evaluated pricing models vary by asset class and incorporate available trade, bid and other market information and for structured securities, cash flow and loan performance data. Because many fixed income do not trade on a daily basis, evaluated pricing applies available information through processes such as benchmark curves, benchmarking of similar securities, sector grouping, and matrix pricing. Also, Option Adjusted Spread models are used to assess interest rate impact and to develop prepayment scenarios.
The market inputs that are normally used for evaluations, listed in approximate order or priority, are:
Reference data including market research publications.
Types of Fixed Income Evaluations
We offer bid, mean, and ask evaluations. Mean and ask evaluations reflect a price or yield adjustment from the bid evaluation. This adjustment can vary by asset class, from sector to sector and/or by security type. The mean evaluation is generally the mid-point between the bid and the ask evaluation. Bid-mean-ask relationships typically remain constant once established, but can be adjusted as market conditions warrant.
For certain securities, including auction rate preferreds, par bonds, certain defaulted municipals, State of Israel bonds, broker-quotes, and valuations from third parties, the mean and ask are typically the same as the bid.
For certain securities, we provide broker quotes from market makers or broker-dealers that are recognized as market participants when significant information about a security is not available, such as security structure, cash flow or other market information.
Global and American Depositary Receipts (ADRs)
Daily evaluated pricing for listed and unlisted ADRs is offered. ADR evaluations are calculated using the most recent underlying equity price, the applicable currency rate (at London close), and an ADR factor that represents the number of underlying shares divided by the number of shares covered by the depositary certificate. ADRs are calculated at approximately 4:30 Eastern Time.
BondsOnline does not manage client money or portfolios or make recommendations to clients about which securities to buy and sell.
We provide pricing via a range of online and data feed services. We also provide pricing and yield benchmarks and other financial data to third-party data or software providers who distribute our data through customized interfaces and applications.
Fees and Charges
We offer various types of fee arrangements:
A fixed fee subscription on a multi-year, annual, quarterly or monthly basis;
A variable fee based on usage, or;
A combination of the above.
Fees are paid either by credit card deposits to registered user accounts, or by monthly invoicing.
We provide our services to a variety of clients, including:
Public accounting and research firms;
Banks and thrifts;
Universities and other non-profit entities;
For more information contact us at (206) 236-9001 extension 1