RiskTech Forum

IHS Markit Brings Bond Pricing Data to Municipal Securities Market Transparency Platform

Posted: 20 July 2018  |  Source: IHS Markit

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that its benchmark yield curve for AAA-rated municipal bonds is now available to investors through the Municipal Securities Rulemaking Board’s (MSRB) Electronic Municipal Market Access (EMMA®) platform.

The free EMMA website is designated by the Securities and Exchange Commission as the official repository for data and disclosures on more than one million municipal securities.

“MSRB's EMMA website is now in its 10th year of providing free public access to municipal market data, documents and tools that support a fair and efficient market,” said Lynnette Kelly, MSRB president and CEO. “We are excited to further enhance investor access to benchmarking and analytical tools with the addition of the IHS Markit yield curve to the EMMA website.”

“Investors rely upon yield curves to measure market performance, and we are proud to join forces with MSRB to make IHS Markit data available to the public,” said Frank Dos Santos, executive director and Americas head of business strategy for fixed income pricing at IHS Markit. “As a leading provider of municipal bond pricing data, IHS Markit strongly supports the MSRB mission in promoting market transparency and providing investors with a wealth of historical data.”

The IHS Markit municipal bond yield curve consists of tax-exempt general obligation bonds with a 5 percent coupon and 10-year call date from AAA-rated state governments. IHS Markit has broad expertise across U.S. municipal markets and prices more than 1.1 million municipal bonds daily.

In addition, IHS Markit provides independent fixed income pricing and liquidity data for risk management, price verification, compliance and trading workflows. The firm’s 100-plus fixed income evaluators and best-in-class pricing solution cover more than 2.5 million corporate and sovereign bonds, municipal bonds, securitized products, bank loans and CDS.