Global financial information services company Markit Group has rolled out new evaluated pricing services for municipal bonds. The municipal bond pricing is the newest addition to the company’s evaluated pricing platform comprising corporate and sovereign bonds.
The service relies on a range of observable market data to price 900,000 municipal bonds rated Aaa/AAA to Baa3/BBB. Markit’s calibration engine receives a direct feed of bid-offer levels from quotes, transaction information from the Municipal Securities Rule Making Board (MSRB) and other market data, enabling quick municipal bond price updates.
Click here for the release from Markit Group.