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Bond market

The bond market refers generally to the exchanges where bonds are traded or to the market price for bonds on the current market as determined by recent trades on the exchanges or with bond traders.

==Expanded Definition==

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.

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