Fixed Income Instruments and Pricing

Summary

Thomson Reuters Fixed Income Content offers market leading global coverage of debt instruments including pricing, indices, curves, league tables, documentation and terms and conditions information. Our data is captured and managed by global experts who work with market participants and the world's leading Fixed Income data vendors to ensure the provision of the fastest, most accurate and most comprehensive information.

Features and Benefits

Thomson Reuters Fixed Income Content covers 5.1 million live instruments globally covering all the important asset types.

The Fixed Income databases for reference information are continually updated from hundreds of different sources including third party data feeds such as WM (Germany) and Koscom (Korea).

Pricing from over 800 contributors and over 70 exchanges.

End of day pricing for over 4,000 CDS curves across the globe.

Mark-to-Market pricing for US syndicated loans, in association with The Loan Syndication and Trading Association.

Thomson Reuters Pricing Service (TRPS) – our evaluated pricing experts calculate the fair market value of 2.5 million instruments daily.

Market leading and exclusive pricing from the world’s biggest broker price platform players such as: Tradeweb, TRACE, ICAP, Tullett.

The evaluations process encompasses strict validation procedures to monitor tolerance breaks, unchanged prices, broker quote consistency and data integrity.

Our professional and experienced evaluators apply consistent and transparent pricing methodologies, reflecting regulatory and accounting standards.

Over 175 proprietary analytics providing a full view on each fixed-income instrument daily, including duration, convexity, OAS analytics and yield calculations.

Additional Content Info

Global Coverage

Thomson Reuters Fixed Income Content covers 5.1 million live instruments globally covering all the important asset types such as:

  • Government and Sovereign Bonds and Bills
  • Corporate Bonds
  • Convertible Bonds
  • Medium Term Notes
  • Securitized Bonds
  • Mortgage Pools
  • Bank Loans and Notes
  • Commercial Paper
  • Certificates of Deposit
  • Credit Default Swaps
  • Short term debt instruments

End-of-day pricing coverage including a wide range of price and yield calculations to maximize the accuracy of valuations for Government and Semi Government Bonds and Corporate and Convertible securities across a wide range of markets in Europe, the Middle East, Africa, North America, Latin America, Asia and the Pacific Rim. More than 15 years of price history is available for all key markets.

Terms and Conditions Coverage

In-depth coverage of just over 3 million live terms & conditions for fixed income instruments across more than 125 markets for over terms and conditions such as:

  • Treasuries/Government
  • Sovereigns & Supranational Issuances
  • Municipals/Provincials/Agency
  • Commercial Paper/Certificates of Deposit
  • Corporate (Including MTNs, Private Placements, Covered & Convertibles)
  • US Mortgages/Securitised assets
  • Loans

Over 6.4 million terms & conditions for fixed income instruments which are inactive (matured, called, put etc.).

Pricing Coverage

Evaluated Pricing: Fair market value of 2.5 million instruments daily. Evaluation teams aroundthe world incorporate bond models, market color, trade prices, marketnews, and stringent quality checks to produce intraday and end of dayvalues.

Contributor pricing: Key market participants supply indicative pricing.

Exchange pricing: Exchange pricing captured when available.

Pricing from Brokers and Platforms: Essential pricing from the biggest players such as:

  • Tradeweb
  • TRACE
  • ICAP
  • Tullett

Ratings Coverage

Thomson Reuters provides coverage of Global Ratings from S&P, Moody’s, Fitch and Dominion (including Watches, Outlook and Unsolicited Ratings). Ratings information are also available from 34 local agencies listed below.

China Chengxin International Credit Rating Co Ltd China
China Chengxin Securities Rating Co Ltd China
China Lianhe Credit Rating Co Ltd China
China Pengyuan Credit Rating Co Ltd China
Dagong Ratings China
Shanghai Brilliance Credit Rating & Investors Service China
Shanghai Far East Credit Rating Co Ltd China
Golden Credit Rating International Co Ltd China
China Credit Rating Company Ltd China
Credit Analysis & Research Ltd (CARE) India
Credit Rating and Information Services of India Ltd. (CRISIL) India
Investment Info & Rtng of India (ICRA) India
Pefindo, Indonesia Rating Agency Indonesia
Japan Credit Rating Agency (JCR) Japan
Japan Rating & Investment Info (R&I) Japan
Korea Investor Services Korea
Korea Ratings Korea
Seoul Credit Rating & Information Inc Korea
NICE Investors Service Co., Ltd. Korea
Malaysia Rating Corporation Bhd (MARC) Malaysia
Rating Agency Malaysia Berhad (RAM) Malaysia
Philippine Rating Services Corp Philippines
Thai Rating & Information Services Thailand
Euler Hermes Rating Deutschland GMBH Germany
AK&M Russia
RAEXPERT Russia
National Rating agency Russia
RusRating Russia
Evaluadora Latinoamericana Argentina
Austin Rating Brazil
LFRating Brazil
Comision Clasificadora Chile
Feller & Rate Chile Chile
Humphreys Chile
HR Ratings Mexico Mexico
Pacific Credit Rating SAC Peru

Over 100 types of Ratings at the Issue level and 158 types of Ratings at an Issuer Level are available

Quality process

Over 35,000 data changes are performed in terms and conditions database daily that goes through 1,100 entry level edit checks embedded into sophisticated production workflow. In addition to that we have 600 monthly quality metrics to validate accuracy from product to source and 500 daily system reports run across database.

Fixed Income Indices

Used as benchmarks for bond portfolio management and indicators of bond market performance for over 20 years, Thomson Reuters provides high quality measurement of multiple developed and emerging markets at various levels of liquidity, maturity and risk.

IFR Briefings

Written and compiled by IFR’s highly experienced andspecialist editorial team, our concise daily reports provide subscribers withessential news and insight on focused regions and asset classes of the globalcapital markets.

The Municipal Market Monitor (TM3)

Thomson Municipal Market Monitor (TM3) comprises several key elements: news, primary market information, MMD proprietary yield curves and commentary, MSRB trade reporting tools, MuniView cusip and deal lookup functions, MuniStatements, and the MMD VRDN network, from which the SIFMA index is derived.

IFR Markets

Broken down into three distinct products: Rates, Credit and Forex Watch. With over 70 analysts worldwide, our unique combination of commentary, analysis, data and forecasting makes IFR Markets the place to go for market flow and sentiment.

Loan Pricing Corporation

Thomson Reuters LPC's news and information solutions help industry players stay informed about market trends and facilitate business decisions. Thomson Reuters LPC's coverage spans the United States, EMEA, Latin America and Asia/Pacific, supported by its presence in New York, London, Hong Kong and Tokyo. Products and services include print publications and online news, analysis and interactive databases. We provide unmatched global loan pricing and editorial coverage, plus comprehensive data and analysis. Our publications, end of day valuations, online news, analysis and interactive databases are used daily by banks, asset managers and more to drive valuation, syndication, trading, research and portfolio management activities.

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Thomson Reuters Datascope

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