That’s because plan sponsors, in their efforts to monitor their portfolios, and participants, interested in a possible asset allocation change, can now access corporate bond prices for free at the bond group’s site . Generating the data will be the Trade Reporting and Compliance Engine (TRACE), a vehicle developed by the National Association of Securities Dealers (NASD). The site already includes municipal and Treasury bond prices.
According to an announcement from the bond group, the data is being made available on a four-hour delayed basis. Through a searchable database, investors will be able to retrieve the name of the issuer, CUSIP number, price, volume, and maturity. The site also offers an historical trading history for each bond, the group said.
The site also offers Investor’s Guides on different types of bonds and a yield calculator, which displays individually calculated taxable versus tax-free yields.