Flow Summary

Empirasign Blog Entry: Trending Bonds



Trending Bonds

Dec. 2, 2015

One of Empirasign's most used features is our Popular BWICs page where you can easily see which BWICs are being viewed by the market most often. We have extended this functionality from the BWIC level down to the bond level with our new Trending Bonds page. Trending bonds, as we have defined, are bonds that are being searched for most often over the last few business days. As with popular BWICs, we have taken measures to ensure no one user can juke the stats. A recent screenshot of this page can be found below, or to see the latest version simply direct your browser to www.empirasign.com/trending_bonds/. This page can also be found under the ListMetrics tab on the top navigation bar.

Trending Bonds on Oct. 22, 2015

Trending Bonds Applications

As you can see from the screenshot above, MSBAM 2013-C7 D, is a trending bond. As to be expected, this bond was on a BWIC that day. A screenshot of this BWIC is shown below. What is interesting to note, is that MSBAM was the only bond on this particular BWIC that traded better than its price talk. The upshot is that if you're interested in a BWIC bond and many people are searching for the same bond, you may need to increase your bid to win it. Conversely, if you're interested in a bond that doesn't show up on the trending bonds report, you may be able to buy this bond at cheaper than forecasted levels.

Example BWIC

Trending Bonds and Popular Bonds take Empirasign well beyond just a market data product. We are now delivering you information about how the market is reacting to itself. Next stop for Empirasign, sentience.




1