The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIFMA Carries Federal Agency Bond Prices for Free on investinginbonds.com

Share article

The Securities Industry and Financial Markets Association announced that it now carries price data for approximately 25,000 federal agency bonds on its investinginbonds.com website. The new data is available via a feed from the Financial Industry Regulatory Authority (FINRA) following an expansion of its Trade Reporting and Compliance Engine (TRACE) to include debt issued by federal government agencies, government corporations and government sponsored enterprises (GSEs).

Investing in Bonds is a unique partnership between SIFMA members, SIFMA and the SIFMA Foundation for Investor Education. Named one of two Kiplinger’s 2009 Best Investing Websites and managed by the SIFMA Foundation, Investing in Bonds provides real-time bond price information and a wide variety of market data, news, commentary and educational content on how the US bond markets work.

“We are pleased to add even more information to our investinginbonds.com website, which was created as a free, non-commercial site solely designed to help educate investors,” said Rob Toomey, managing director and associate general counsel at SIFMA. “The addition of government agency prices enriches the content already available on the site, making it an even better resource and a more effective way to promote transparency in the bond markets.”

Agency bonds are issued by two types of entities: 1) Government Sponsored Enterprises (GSEs), usually federally-chartered but privately-owned corporations; and 2) Federal Government agencies which may issue or guarantee these bonds. The proceeds are used to finance activities related to public purposes, such as increasing home ownership or providing agricultural assistance. Agency bonds are issued in a variety of structures, coupon rates and maturities. Each GSE and Federal agency issues its own bonds, with sizes and terms appropriate to the needs and purposes of the financing.

The new price information is available on the Government/Federal Agency Market at a Glance page of the website. Via an agency bond trade ticker, users can view trade time, abbreviated issuer name, CUSIP number (the unique identifier for the security), coupon and maturity date, price, yield, and number of bonds traded, along with any notes. The site also offers a list of the most heavily traded bonds over the last five trading days, or on the current trading day. Clicking on the number of trades will show a trade-by-trade history for the security, including trade date, price (per $1,000 of par value), yield, size (dollar amount of par value traded) and any related notes.

A screen of the day’s most recent trades offers a table showing the trade date, issuer and CUSIP number, coupon rate, maturity date, price, yield, size and notes. The same screen also has a “run calculations” function which demonstrates how different prices would result in different yields. The agency bond feed is searchable by CUSIP number, and can graph trade data.

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

Regulation Best Interest: A New Standard for US Brokers

The US Securities and Exchange Commission’s Regulation Best Interest—or Reg BI— officially came into effect on June 30, 2020. Brokerage firms now have to comply with a whole new standard of conduct when dealing with retail clients, in one of the biggest regulatory shake-ups for the US market in years… but there have been concerns...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...