S&P Bows Intraday Muni Pricing for Floating NAVs

The new intraday prices will support SEC pricing requirements.


The service provides pricing for municipal bonds at 12pm and 4pm Eastern Time─and S&P Capital IQ is considering adding a 9am price─and for US taxable securities (treasury and agency bonds, structured finance and corporate bonds) at 12pm, 3pm an 4pm, and for non-US bond prices at 6am, 7am, 11am, 12pm and 4pm, in response to the need for firms to develop solutions that address Securities and Exchange Commission rules requiring funds to calculate floating Net Asset Values.

"The intraday pricing of