Evaluated Pricing Solutions (BVAL)

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Evaluated Pricing Solutions (BVAL)

Fixed income pricing

Independent and transparent evaluated pricing for over 2.7 million securities.

Derivatives pricing

Independent valuation of OTC derivatives across all asset classes.

BVAL Curves

Investment-grade sector curves and AAA municipal curves.

Unmatched transparency

BVAL details and explains every step in the valuation process and provides insight into the data inputs and algorithmic methodologies used so firms can justify all aspects of how pricing valuations are derived.

BVAL Score

Bloomberg valuations are supported by the BVAL Score, a proprietary measure showing the relative amount and consistency of market data used to generate each evaluated price.

Sophisticated methodology

Drawing on real-time market observations from a wealth of contributed sources, BVAL produces valuations on actively traded bonds several times a day. For securities that are less liquid, BVAL derives a comparable relative value price.

High-quality sources

BVAL uses pricing data from only the highest quality market contributors—including TRACE, MSRB, exchanges and broker quotes—and filters, cleanses and verifies this data further. Seasoned capital markets experts monitor the process.

Price challenge process

Clients that disagree with an evaluated price can reach out to BVAL’s evaluator team, which will analyze the securities in question and rapidly respond with a detailed explanation or resolve the issue.

Easy access

Access BVAL pricing data via the Bloomberg Terminal or as an enterprise data feed at Data.Bloomberg.com.

Derivatives pricing

BVAL Derivatives provides independent valuation of OTC derivatives across all asset classes, from linear contracts to the most complex bespoke and exotics structures, including multi-asset hybrids. BVAL Derivatives draws on high-quality market data, a portfolio of industry-leading pricing models and a team of experience financial engineers to produce credible and defensible valuations.

Data & model transparency

Granular access to pricing tools and industry-standard derivative valuation models, providing maximum flexibility and performance.

Cross-asset product coverage

Ongoing and historical valuations of OTC products, from simple delta one and linear contracts up to the most complex bespoke and exotic structures, including multi-asset hybrids.

Golden copy data

Market data inputs validated by financial engineers employing best-in-class and market-consistent techniques for outliers filtering, data aggregation, curve stripping and volatility modeling.

Derivatives coverage

Investment-grade sector curves

BVAL offers a comprehensive library of more than 600 corporate and government sector curves, all fully integrated into Bloomberg Terminal analytics. BVAL Sector Curves are constructed using mid-yields from senior unsecured bonds with the same industry sector, credit rating category and currency denomination.

• Global coverage

• Transparency

• Discoverability

• Updated daily

• Historical data

AAA Municipal Curves

BVAL’s AAA Municipal Curves use real-time trades and contributed sources to reflect movement in the municipal market as it is happening. The BVAL AAA Callable Curve is a standard market scale with non-call yields up to year 10 and callable yields thereafter. The BVAL AAA Baseline Curve normalizes callable bonds using BVAL’s expected redemption date (BERD) and is used for BVAL pricing.

• Pricing available on the hour from 9am – 4pm EST

• Color-coded market movement

• Export to Microsoft® Excel button

• Ongoing monitoring by BVAL’s team of market experts

• Monthly interpolated scale view

• Ability to interpolate yield to custom date

Contact a Specialist

Additional Resources

To submit a complaint regarding a Bloomberg valuation, please send correspondence to BVALcomplain@bloomberg.net