Seeking clarity amid bond chaos

It has been an unpredictably difficult year for fixed income investors, who have had to navigate volatility within global markets amid geopolitical tensions and policy changes. In these conditions, it is important to look beyond surface-level valuations of investments, using measures to assess the data behind prices. The Bloomberg Evaluated Pricing Service (BVAL) looks at the strength of market inputs that have been used to produce an evaluated price. It does not measure pricing accuracy but can be used to highlight data concentration. A score of 1-10 then reflects the consistency and variability...