European Government Bond Pre-Trade Price Data
What is it?
This price console tool allows you to find most current end-of-day pre-trade price information on a range of European and US Government bond issues.
This price console tool allows you to find the most current end-of-day pre-trade price information on nearly 500 different Euro-denominated bonds issued by various European governments that are traded in the institutional markets. Bond prices provided here comes from Tradeweb, a global trading network that has operated since 1998 and is owned by The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading global bond dealers, including Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, and UBS. Tradeweb provides the bond markets with an indicative picture of where the most liquid (or trade-able) European Government Bond issues are being priced, based on information collected from 30 European Government bond dealers. Over 2,200 of the largest institutional investors use Tradeweb prices to price their portfolio holdings and execute trades. All Euro-Zone country governments are included as well as Denmark, Sweden and the UK.
End-of-day pre-trade prices are quoted and available each trading day soon after 17:45 London UK time. You can see the time of the data quoted on the search page results.
Why do I care?
Investors can use this information to gain perspective on the value of similar European Government bonds to see how liquid similar European Government are to the ones they are being offered to buy or sell. It might also lend insight to prices investors are being quoted for other types of bonds, which typically trade at higher yields than government bonds because most government bonds are considered the safest type of fixed income investment.
This information is for reference purposes only; this information does not represent an offer to buy or sell the bonds listed at these prices. You need to consult a financial professional or advisor for more information on a particular bond and also whether is suitable for you as an investor. Complete information on every bond is not available through this service.
How do I use it?
You can look for an institutional market pre-trade price on a bond you hold or may be considering for purchase or sale which may be indicative to a bond you may be considering for purchase or sale.
You can search by issuing country (there is a pull down menu of countries available); maturity date and/or ISIN number. If the search does not find that specific bond, look for something similar in terms of issuer or maturity to get an idea of pricing. For example, you can enter “Italy” in the country field to see a variety of Italian bonds, or you can choose a maturity 10 years from now to see 10-year bonds from various European government issuers. You may also enter a country and choose a maturity year to narrow your search to a smaller and more specific set of bonds. ISIN (CUSIP) is a unique identifying number for a specific bond. If you know the ISIN or CUSIP for a bond you hold, you can enter that to see if its current price information is included here. You may also click on Display all European Government Bonds to see all search results available.
If available, your search results will be a bond or list of bonds that meet the search criteria. The data displayed includes:
- Description of the security or ticker symbol—a security description is composed of Ticker Name Coupon Maturity;
- ISIN number which is the unique identifying number for a specific bond;
- Coupon rate of interest which is the percentage of nominal value paid to the bondholder;
- Maturity date in year/month/date format;
- Rating, if one has been provided by the credit rating agency Standard&Poor's and/or Moody's Investor Services which rate bonds at the request of the issuer for a fee;
- Currency, which shows the currency denomination of the bond;
- Date that the bond was issued;
- “Bid” price, Bid yield and Bid spread that reflect a composite of what buyers are willing to pay for the Security;
- “Ask” price, Ask Yield, Ask Spread columns that reflect a composite of what sellers are willing to offer the Security to buyers.
Note that bond prices are quoted in relation to 100, even though bonds are typically available only in increments of $1000. Think of the bond price as a percentage. For example, a bond price quote of 99.50 would translate to a price of 995 per 1000 of face value. The yield, a measure of investor return that can change over time, reflects the relationship between the coupon rate of interest and the quoted composite bond price. When bond prices fall, yields rise and when prices rise, yields fall. In effect, the market adjusts bond prices to bring yields in line with prevailing interest rates. In general, spreads relate to differences between the yields quoted here and a benchmark bond; in the case of European Government Bonds, there may be a zero value because the spread may not be a criteria used to price the bond.
Some columns of information on the Search Results page can be sorted. You can refine the results by selecting any column heading displaying an arrow and click to sort the results according to that column’s heading if there are more than two results. If you hover on the “Columns” part of any drop down that has an arrow, you will see an entire list of the search categories from left to right. If you do NOT want a particular category of data displayed, click on the arrow to deselect that column and the column will disappear from the display. You can get that column back by clicking again on that same descriptor and the column will reappear on your results page.
If you would like to change or refine your search, please edit the parameters listed by “Search Parameters” then click “Search”. You can also return to the previous page.