What is a Bval curve?
What is a Bval curve?
The BVAL AAA Callable Curve (AAA), available on the Terminal, is a transparent, objective and timely AAA-rated yield curve designed to meet the demands of today’s market. Key features: non-call yields through 10 years and callable yields thereafter; 5% coupon; 10-year par call; constant maturity; 32 tenor points.
How big is the US municipal bond market?
$3.9 trillion
The municipal bond market has $3.9 trillion of debt outstanding versus the corporate and foreign bond markets, which have $14.9 trillion of debt outstanding. 1 While the municipal market is smaller in terms of total debt outstanding, there are far more municipal issuers than corporate and foreign bond issuers.
How many municipal bond issuers are there in the US?
44,000 municipal issuers
Currently, there are over 44,000 municipal issuers and close to one million different municipal bonds outstanding.
What is Bloomberg pricing?
Bloomberg Pricing The cost of a Bloomberg Terminal is $24,000 per year, and terminals are leased on a two-year basis. The price drops to $20,000 per terminal per year for 2 or more terminals.
What is Blumberg?
Bloomberg is a media conglomerate that is a provider of financial news and information, research, and financial data. The main revenue earner for the company is its Bloomberg Terminal, which provides snapshot and detailed information about financial markets.
How is Bval calculated?
The BVAL Score measures the amount and consistency of market data used in our models. A BVAL Score is calculated for each algorithm — Direct Observations and Observed Comparables — which are then appropriately weighted to derive a Final BVAL Score.
Are municipal bonds a good investment in 2021?
With current yields above Treasurys, muni bonds have been attractive to wealthy investors, and typically avoid federal taxes on interest. Moreover, many of these assets scored a credit boost in 2021 as federal stimulus money reached state and local governments.
Who holds muni bonds?
Who buys municipal bonds? About 72 percent of bonds are owned by individuals directly or through mutual funds and the like. About 25 percent of bonds are owned by businesses, primarily property and casualty and life insurance companies, but also banks.
Does Warren Buffett use Bloomberg terminal?
Notice there’s no Bloomberg terminal. There’s also no desktop computer. It’s been reported he doesn’t own a computer or a cell phone. You do see a traditional phone on his desk, so he can call his broker to make trades.
What does Bloomberg pay his employees?
How much do people at Bloomberg get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Bloomberg is $120,223, or $57 per hour, while the estimated median salary is $112,326, or $54 per hour.
What is IDC pricing?
IDC’s Pricing Evaluation Service: Enterprise Software is utilized widely by internal competitive intelligence, marketing, sales support, and field sales teams. The service provides software vendors with the intelligence and analysis to create winning price and product positioning strategies.
Where does the BVAL muni yield curve come from?
It is populated with high quality US municipal bonds with an average rating of AAA from Moody’s and S&P. The yield curve is built using non-parametric fit of market data obtained from the Municipal Securities Rulemaking Board {MSRB }, new issues calendars {CDRN }, {CDRC } and other proprietary contributed prices.
Is the yield curve flat in the United States?
Yield Curve is flat in Long-Term vs Short-Term Maturities. Central Bank Rate is 1.75% (last modification in October 2019). The United States credit rating is AA+, according to Standard & Poor’s agency.
Is the AAA callable curve a normal yield curve?
AAA Callable Curve: BVAL’s AAA Callable curve is a standard market scale with non-call yields up to year 10 and callable yields thereafter. This curves assumes a normalized 5% coupon and is plotted yield to worst.
What is the convexity of the US Treasury curve?
United States Government Bonds – Yields Curve Yield Comparison Spread Curve Convexity 2Y vs 1Y 18 bp Normal Convexity in Short-Term Maturitie 5Y vs 2Y 63.8 bp Normal Convexity in Mid-Term vs Short-Te 10Y vs 2Y 122.2 bp Normal Convexity in Long-Term vs Short-T