The Municipal Bond Pricing System (MBPS) is an algorithmic process that prices municipal bonds based upon their terms and conditions and available market data. We analyze daily market quotes, trades, reference information, peer bonds, and current yield curves to generate intraday and daily pricing. We provide all of the input data, supporting values, and intermediate results for each price that is produced. Our method reduces risk by providing more market-driven evaluations than traditional methods (such as bootstrapping, interpolation, and matrix pricing).
CSV or other delimited text file.
We use several different pricing algorithms depending on the source data available:
This use-case would need to be negotiated with SQX.
We can provide prices beginning June 2016.
MBPS covers all US-issued, dollar-denominated municipal bonds. The MBPS provides best-efforts pricing for investment-grade municipal bonds with standard coupon and call structures. It is not intended to price: