Top Liquid Bond Prices & Liquidity Indicators

Overview

Professional grade feed of intraday bid-ask prices, spreads, and liquidity indicators for the most liquid USD-denominated High Grade, High Yield, and EM Sovereign bonds, enriched with market consensus T-benchmarks and essential bond and issuer information.

7 Chord produces an intraday feed of bid-ask prices, spreads, and liquidity indicators for nearly 20,000 USD-denominated High Grade, High Yield, and EM Sovereign bonds. 7 Chord generates these predictions using BondDroid®, a proprietary AI system that predicts trade bid and ask levels. It uses a unique approach designed to deliver accuracy across different market regimes, issuer credit quality, and instrument life cycles. BondDroid® deploys over 400 pricing bots — each representing a unique trading persona.

If you're using the API to consume this product, the data is partitioned by the following attribute:
Rates Timestamp: The date and time when Price, Yield and Spread-over-Treasury are updated in line with the Benchmark Treasury and all pricing values (OAS, Price, Yield, SOT) are made available to clients. Ticks approximately every 20 seconds on the Excel API and every minute on FIX.

Schema

Key Concepts

Historical and Present Datasets

You can access all data from September 2020 to October 2023 in the table marked historical and the data after October 2023 in the table marked present. The only distinction between the two products is the time frame available.

FAQs

What is BondDroid?

• 7 Chord's award-winning pricing engine that empowers institutional traders and investors with highly accurate prices and analytics for thinly traded financial instruments. Powered by continuous real-time learning technology developed by its co-founders at NYU, BondDroid adapts swiftly when "black swan" events occur.
  The BondDroid data sourcing team uses some of the most sophisticated data curation and collection methodologies and leverages its deep industry relationships to unearth new or by-appointment market data sources.

What kind of research is typically done with this data?

• 7 Chord BondDroid Top Liquid data is commonly used for research into the following: - Trading Strategy - Liquidity Profiles - Bond Performance Comparisons - Intraday Volatility Measurements