The International Securities Market Association (ISMA) has published bond prices and yields since the 1980s, and they have become useful to firms for both valuation purposes and position keeping.
Today it is finally making them available through the Internet. The new product – branded “isma.info” – will provide daily bid and offer quotes from the world’s major market makers in 9,500 straight, floating rate and convertible Eurobonds and MTNs, plus in most cases yield calculations and analytics, historical data, and terms and conditions. The service also provides five-year historical charts including prices, yields, interest rates and indices. Users can configure the data display according to personal preferences by using data filters and sorting facilities. Additionally, isma.info offers access to a comprehensive archive of international securities prospectuses.
ISMA holds a comprehensive archive of bond data, some of which relates back to the inception of the Eurobond market in the 1960s. Reporting obligations placed by ISMA on members of its council of reporting dealers ensure that bid and offer prices are received on a daily basis from member firms who make markets in international securities.