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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: Hello I have a question Date: 6/13/2003 2:39 PM
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Dunderhead, the bond market tends to work the other way around.

You will find lists of bonds traded on the NYSE and AMEX, and usually their bond ratings are easy to find. However, far more bonds are traded over the counter. Brokers and dealers usually have lists of what they have in their inventories grouped by maturity and bond rating. Because there are so many issues, there is no one standard list of available bonds. Instead you have the treasury yield curve for maturities and then average differentials for corporates of each rating.

For investment grade bonds, the rating services are good enough so you can assume that all bonds with a given rating are essentially equivalent in credit risk. Of course they aren't really, but that assumption makes shopping for bonds a bit more maneageable.

Different sources will have different bonds in their inventories. But they probably have a selection of yield and maturities to serve the needs of their typical customers.

CBS Market Watch used to have a daily list of listed bonds together with yields and ratings. Last time I looked, I was unable to find it, but I'm not sure if they just redid their website or if its been discontinued. That list is a quick reference site for corporate bond yields. The AT&T and Bell South bonds listed in the NYSE list everyday also give you a pretty good idea.
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