How are bond prices determined?

Bond prices are determined by using inputs from a variety of sources that are either aggregated to calculate bid/mid/offer price or fed into a dynamic model to produce a price validated against the parameters for 2.3+ million instruments daily.

How can you find out corporate bond prices?

To find out the price of a corporate bond, you need access to bond pricing data, as corporate bonds are over-the-counter (OTC) securities and prices are not readily available on exchanges. S&P Global Market Intelligence provides independent bond pricing services.

What is S&P Global Market Intelligence bond pricing?

S&P Global Market Intelligence prices fixed income instruments which are traded over the counter (OTC). With local expertise and access to the latest trade and indicative levels, S&P Global Market Intelligence can provide pricing transparency on 2.7mm+ corporate, municipal, securitized, and sovereign bonds.

What is fixed income reference data?

Fixed income reference data provides terms and conditions on individual fixed income securities. The service provides granular information at the sector, issuer, and bond level along with details about coupon, maturity and sector.

How to comply with the SEC Rule 2a-5?

The SEC Rule 2a-5 establishes requirements for fund boards' obligation to determine fair value of fund investments in good faith. S&P Global Market Intelligence can provide solutions that help provide transparency around pricing processes and methodologies on Fixed Income and Derivatives valuations.

Bond Pricing Services

Q: What is the SEC Rule 2a-5?

The SEC Rule 2a-5, which goes into effect in September 2022, provides a framework for fund valuation practices that fund boards can use to create processes to determine fair value of investments in good faith.

Get in Touch

Independent, transparent bond pricing and liquidity data to support trading, investment decisions, and risk management.

Given the vast number of bond issues in the market, sourcing accurate bond pricing information can often prove difficult. In the ever-evolving regulatory and accounting environment, investors' need for increased transparency continues to drive demand for high quality independent bond data for use within price discovery, valuations, and risk management processes.

With our independent bond pricing services, you receive transparency and liquidity data on corporate, government, sovereign, agency and municipal bonds. We use inputs from multiple sources that are either aggregated to calculate composite levels or fed into a dynamic bond pricing model to produce a price validated against the parameters for 2.9+ million fixed-income instruments daily.

The SEC Rule 2a-5 provides a framework for fund valuation practices that fund boards can use to create processes to determine fair value of investments in good faith. Our online portal, PVR Source hosts due diligence documentation, methodology documents, back testing reports, aggregated challenge statistics, and other relevant documentation to help you meet the compliance requirements.

Download Pricing and Reference Data brochure
Download Pricing Data: Bonds factsheet
Download Live Bond Pricing Data factsheet
Download Dynamic Tolerance Data brochure
Download Liquidity Navigator factsheet
Download ESG Bond Pricing and Reference Data factsheet
Download Reference Data: Fixed Income factsheet

Fixed Income Outlook: Navigating recession and interest rate hikes in 2023

PVR Source: The online portal for SEC Rule 2a-5 compliance

FIND OUT MORE

View our web-based Price Viewer Portal

LEARN MORE

Independent Fixed Income Pricing

{ "speed": 600, "fade": true, "dots": false, "arrows": false, "autoplay":false, "autoplaySpeed":4000 }

Why should you use S&P Global Market Intelligence bond pricing services?

Data Integrity

Rules-based clearing algorithms and audits ensure bond data reliability

Flexible Availability

Multiple intraday snaps, as well as select live pricing available

Transparency

Full transparency on pricing sources and methodology

Liquidity Insight

Independent liquidity measures and scores provided

Dedicated Support

Immediate and direct access to our expert valuations team

Seamless Distribution

Access data via API, SFTP, our Portfolio Valuations platform or Price Viewer web platform

Interested in our independent fixed income pricing services?

REQUEST A TRIAL

Industry Insights

Connect with our full range of products

Securitized Products

Get pricing on more than 1.2 million securitized products daily

LEARN MORE

Municipal Bonds

Improve accuracy with prices for more than 1.1 million municipal bonds daily rated Aaa / AAA to Baa3 / BBB-- both fixed and variable coupons

LEARN MORE

Corporate & Sovereign Bonds

Find objective pricing, transparency and liquidity data for over 110,000 bonds including corporate, sovereign, agency and government bonds

LEARN MORE

Bond Pricing Services FAQ

How are bond prices determined?: Bond prices are determined by using inputs from a variety of sources that are either aggregated to calculate bid/mid/offer price or fed into a dynamic model to produce a price validated against the parameters for 2.3+ million instruments daily.
How can you find out corporate bond prices?: To find out the price of a corporate bond, you need access to bond pricing data, as corporate bonds are over-the-counter (OTC) securities and prices are not readily available on exchanges. S&P Global Market Intelligence provides independent bond pricing services.
What is S&P Global Market Intelligence bond pricing?: S&P Global Market Intelligence prices fixed income instruments which are traded over the counter (OTC). With local expertise and access to the latest trade and indicative levels, S&P Global Market Intelligence can provide pricing transparency on 2.7mm+ corporate, municipal, securitized, and sovereign bonds.
What is fixed income reference data?: Fixed income reference data provides terms and conditions on individual fixed income securities. The service provides granular information at the sector, issuer, and bond level along with details about coupon, maturity and sector.
What is the SEC Rule 2a-5?: The SEC Rule 2a-5, which went into effect in September 2022, provides a framework for fund valuation practices that fund boards can use to create processes to determine fair value of investments in good faith.
How to comply with the SEC Rule 2a-5?: The SEC Rule 2a-5 establishes requirements for fund boards' obligation to determine fair value of fund investments in good faith. S&P Global Market Intelligence can provide solutions that help provide transparency around pricing processes and methodologies on Fixed Income and Derivatives valuations.

Experts

VIEW ALL

Krishna Shetty

Krishna joined S&P Global (now part of S&P Global) in 2010 and heads business development for Americas GSAC (Government, Sovereign, Agency and Corporate) evaluated bonds pricing. He is responsible for product and commercial strategy for the Americas GSAC bond pricing business. Prior to his current role, Krishna led client management and pricing operations for Americas bond and loan pricing, where he joined the team at an early stage to build and grow the business. S&P Global's pricing service provides hourly and end of day evaluations and helps value constituents for some of the largest fixed income indices.Krishna began his career at Fidelity Investments and later worked at Overbrook Management Corporation, where he analyzed prospective private equity and venture capital investments. He earned an MBA with a dual concentration in Finance and Information Systems from Fordham University's Gabelli School of Business, and a BA in Business Management from Clark University in Worcester, MA. In his spare time, Krishna co-heads the New York chapter of Lend a Hand India, a charity that focuses on developing vocational skills for 200,000 kids in rural India.

View Profile

Karthick Chandrasekaran

Karthick Chandrasekaran is responsible for product and commercial strategy for the award-winning S&P Global Pricing and Reference Data business in Europe. His areas of expertise include Fixed Income pricing and analytics, Financial Analysis, product development. Karthick joined the S&P Global Market Intelligence London office in 2020.Before joining S&P Global, Karthick was a product manager for Bloomberg's evaluated bond pricing business and read Financial Analysis & Fund management from the University of Exeter.

View Profile

{}

{"items" : [ {"name":"facts","url":"","enabled":false,"desc":"Download brochure Pricing and Reference Data","alt":"Download brochure Pricing and Reference Data","mobdesc":"PDF","mobmsg":"Download brochure Pricing and Reference Data"},{"name":"login","url":"","enabled":false,"desc":"Product Login for existing customers","alt":"Login","large":true,"mobdesc":"Login","mobmsg":"Product Login for existing customers"},{"name":"sales","override":"","number":"[num]","enabled":true,"desc":"Call Sales [num]","proddesc":"[num]","alt":"Call Sales</br>[num]","mobdesc":"Sales","mobmsg":"Call Sales: [num]"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fstage.www.spglobal.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fpricing-data-bonds.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fstage.www.spglobal.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fpricing-data-bonds.html&text=Bond+Pricing+Services+and+Data+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fstage.www.spglobal.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fpricing-data-bonds.html","enabled":true},{"name":"email","url":"?subject=Bond Pricing Services and Data | S&P Global&body=http%3a%2f%2fstage.www.spglobal.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fpricing-data-bonds.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Bond+Pricing+Services+and+Data+%7c+S%26P+Global http%3a%2f%2fstage.www.spglobal.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fpricing-data-bonds.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}

Customer Logins

My Logins

Bond Pricing Services

Independent, transparent bond pricing and liquidity data to support trading, investment decisions, and risk management.

Independent Fixed Income Pricing

Why should you use S&P Global Market Intelligence bond pricing services?

Data Integrity

Flexible Availability

Transparency

Liquidity Insight

Dedicated Support

Seamless Distribution

Interested in our independent fixed income pricing services?

Industry Insights

Unpacking the U.S. SEC Rule 2a-5

New SEC Rule on Fair Value Determination Needs Careful Consideration

Financial Inclusion Impact Investing – A New Paradigm

Sector Curves for Valuation

Deciphering SEC Rule 2a-5: Getting ahead to comply

Dynamic Tolerance Data – Improving the Efficiency of the Daily Pricing Process

Credit Curves - Crucial in a Crisis

Connect with our full range of products

Securitized Products

Municipal Bonds

Corporate & Sovereign Bonds

Bond Pricing Services FAQ

Experts

Krishna Shetty

Karthick Chandrasekaran