Using real bid and offer trading prices from each bank’s bond desk, Deutsche Börse consolidates prices for each Euro and Sterling denominated bond that is a member of the Markit iBoxx universe. The Markit iBoxx consolidated bond prices reflect the best pricing currently available in the fixed income market. Consolidated Euro and Sterling prices are calculated every minute and disseminated immediately to the market via data vendors.
End of Day
Closing bid/ask prices – for USD, EUR, GBP, Asian and Inflation-Linked bonds – are calculated at the end of each trading day and may be accessed via the internet. They are also available for download from an FTP server and may be obtained through data vendors.
A wide range of analytical values is calculated daily for all indices and for every index constituent based on the closing prices. Straight, annual and semi-annual yields, duration, modified duration, convexity (including and excluding cash), spreads and more are all available on this website.
Stringent Quality Controls
Every bond price is subject to an elaborate series of quality control checks that were specially developed by IIC. In particular, these include comparative checks to ensure that only true market prices are included in the index calculation.
For more information about Markit iBoxx index calculation and quality control processes please see the Guides to the bond indices on this website.
Where to Find Markit iBoxx Bond Prices
Markit iBoxx prices are accessible to interested parties, both in real time (Euro and Sterling) and end of day (other index families). Today's information era demands that data and information are in the public domain, rather than "proprietary". Historical data is available for research and portfolio optimisation.
Real time Markit iBoxx prices are available via subscription from Bloomberg, Fides, MoneyLine Telerate, Telekurs, Reuters and Thomson Financial. Please contact your representative at these companies for further details.
End of Day prices and analytical values are available:
- on http://indices.markit.com/ (registration required).
- via many data vendors, including Bloomberg, Fides, MoneyLine Telerate, Telekurs, Reuters, Thomson Financial and others.
- a number of providers of databases and related services also carry Markit iBoxx price data, such as Barra, Datastream, Exshare, FactSet, Wilshire Associates and others.
Please let us know if your preferred supplier does not carry the Markit iBoxx data you require.
The Best Prices from Leading Market Makers
The Markit iBoxx consolidated prices (intraday and end-of-day) are unique in the fixed income market and represent the most accurate and timely bond pricing currently available to investors. Leading market makers consistently deliver high quality bond prices, which form the basis for all Markit iBoxx products. We have invested considerable resources to ensure that stringent quality controls are in place, and have developed proprietary routines that filter erroneous price contributions and permit only genuine market prices to enter the regular index calculation.
The following leading financial institutions provide input bond prices for EUR, GBP and USD to IIC:
Commerzbank, Barclays Capital, BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Royal Bank of Scotland, UBS
For other regions, local financial institutions – including central banks and exchanges – provide data in addition to the banks listed above.
At any one moment Markit iBoxx prices are the best reflection of the market for that particular issue and thus most reliable for use in benchmarking portfolios or evaluating whether a particular issue is over- or under-priced.
Profit from Markit iBoxx
Users of the Markit iBoxx prices benefit in several ways:
- Save money by checking the Markit iBoxx price before trading
- Buy or sell securities with institutions that make markets and supply their prices to Markit iBoxx
- Replicate the indices with prices from the same sources
- Value portfolios using the prices that conform to the requirements of auditors and compliance.
In addition to index and bond price a wide range of selected analytical values is provided, both for the individual bond issues and for the indices themselves. These include yield, maturity, duration, modified duration, spreads and convexity, both as annual and as semi-annual values as well as including or excluding cash. Markit iBoxx analytical values are available under the Data menu.