Some bonds are listed on major exchanges. Their trading prices are published but those prices are said to be available only for large transactions, some say $1MM or more. Most bonds are traded over the counter and prices are not published. This situation is usually resolved by referencing the yield of the debt security in question to the Treasury bond yield curve for bonds of the same maturity. Moody's and others publish average yield differentials as a pricing guide.
Related Fool Articles
Recent Mentions on Fool.com
- Walter Energy's Refinancing Efforts Raise Concerns
- AT&T and Verizon Drag On the Dow; Can Sprint and T-Mobile Really Win?
- Spain Keeps Improving! Check Out These Spanish ADRs
- What Joy Global Didn't Say
- Intel is Today's Top Stock on a Down Day for the Dow
- On the Bull's 5th Anniversary, a Superinvestor Counsels Caution