[IN] ITE WEB
TO BUSINESS EDITORS:
BondView Releases Free Historical Municipal Bond Pricing Data Just in
Time for Tax Season
NEW YORK, April 8, 2014 /PRNewswire/ -- BondView (www.bondview.com),
the leading investor resource for municipal bond information, has made
available free historical pricing information for all 1.8 million
municipal bonds. This information is being released just in time for
tax season, so that retail investors, accountants and financial
advisors can more easily obtain historical muni bond prices.
BondView has quickly become the world's leading free website for
accurate municipal bond information and is used daily by thousands
of individual retail investors and their advisors. Leading users
include Morgan Stanley, Wells Fargo, Fidelity, MetLife, Price
Waterhouse, Harvard University, the Securities & Exchange Commission
and the US Department of Treasury.
Why Are Free Historical Bond Prices Hard To Find?
While the average investor can easily find historical stock prices,
investors often become frustrated when searching for historical muni
The difficulty in finding historical pricing information
because most bonds trade infrequently. Typically less than 1.5% of all
municipal bonds trade on a given day making it nearly impossible for
an investor to find a timely historical trade as a reference point to
then determine an accurate price.
Robert Kane, CEO of BondView, said "Accountants, estate planners and
trust departments need accurate historical bond prices going back many
years for tax purposes."
Steve McLaughlin, Portfolio Manager, at Granite Springs Asset
"BondView addresses a major obstacle in our market which is fair
pricing and liquidity measurement. There are over 50,000 issuers of
municipal bonds, 1.8 million outstanding cusips and on most days no
more than 1.5 percent of the outstanding bonds trade."
For those bonds that don't trade frequently, BondView's algorithmic
model provides estimated prices by reviewing the trading of similar
bonds by features including coupon, maturity, sector, rating, state
and tax treatment.
BondView's pricing algorithms are calculated based on Financial
Accounting Standards Board guidelines (Topic 820 formerly known as FAS
157) and have been back tested across an extensive repository of
municipal bond data. The result is dependable pricing.
"Up until a few years ago, you just had the traditional well
established companies that supplied pricing matrixes to the industry.
A new independent unbiased firm that provides a new set of eyes using
different methodology is a welcomed addition," said McLaughlin.
BondView will also soon release its new real-time early warning system
to monitor investors' bond portfolios. This new service tracks bonds
and alerts users to significant changes in estimated price, yield,
spread, defaults and bond maturity. The early warning system helps
investors and their advisors make more informed decisions. BondView
offers free professional level features to all investors including
Stress Testing, Gain/Loss Harvesting, Portfolio Report Cards and
Portfolio Analysis tools.
About Us - BondView (www.bondview.com) is a leading advocate for
market transparency and our mission is to promote smart, informed
decision making by municipal bond investors and their advisors.
CONTACT: Lisa Hendrickson? BondView, LLC? 866.261.9533 Email
Read more news from BondView.
/Web Site: http://www.bondview.com
ST: New York
IN: ITE WEB
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