NASD, Bloomberg launch new corporate bond indexes linked to Trace data

New York, Oct. 17 - The NASD announced that it and Bloomberg have created new corporate bond indexes using actually trades from the NASD's Trace system.

Called the NASD-Bloomberg Active Investment Grade US Corporate Bond Index and the NASD-Bloomberg Active High Yield US Corporate Bond Index, the indexes will be calculated each evening using transactions through 5:15 p.m. ET. Values will be generated for total return, price, yield and volume.

Also included will be each index's 10 most active bonds, top 10 leading movers and top 10 lagging movers.

Data will be posted after 5:30 p.m. ET at www.nasdbondinfo.com .

"The launch of these bond indexes fulfills a major part of NASD's mission to get solid, reliable, neutral information to retail investors," said Doug Shulman, NASD's president of markets, services and information, in a news release. "Unlike other bond indexes that often include bonds that may rarely trade, the NASD-Bloomberg indices reflect actual transactions throughout the most actively traded portion of the market - and 65% of that activity is carried out at the retail level."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.