Corporate debt is traded mostly in the over the counter (OTC) market. There are also bond trades and selling on the NYSE (New York Stock Exchange).
NASDAQ quotes convertible corporate bonds since they are similar to stocks and equities, but they do not quote non convertible corporates.
Round lot trades of bonds is 5 $1000 par bonds = $5000
Yellow Sheets - Bond dealers get printed offering quotes for corporate bonds in the yellow sheets, which are printed daily. There are electronic pricing services as well.
Bloomberg and TRACE. TRACE offers real time reporting of corporate bond trades.
Commercial Paper is sold OTC through dealers and can also be bought through the issuing corporation.
Corporate bonds settle trade day plus 3 business days T+3 for buying and selling.
Regular was trading is trade date plus 3 business days.
"When Issued"
When a corporation announces it will sell new securities. The exchanges will allow trading in the bonds before they exist. If the issue never comes out or sells, then the trades are canceled.
Bond Trading Yield
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