Yellow Sheets
Candlefocus EditorThe Yellow Sheets are data sheets released twice each day, once in the morning and once in the afternoon. They contain data on bonds that are only traded over-the-counter (OTC), including zero-coupon bonds and privately issued securities that are not listed on any organized securities exchange. The sheets provide an accurate snapshot of the current market for corporate bonds, and signify the changes in bid-ask spreads over time. They also reflect the liquidity level of corporate bonds and can highlight profitable opportunities for investors.
Overall, the Yellow Sheets are a valuable resource for investors who want to learn more about the corporate bond market and identify investment opportunities. By examining the data contained in the sheets, traders can get a better understanding of the types of bonds available, their features and values. This information can then be used to inform investment decisions and make sound financial choices.
To obtain the Yellow Sheets, traders can access the service electronically at the OTC Markets Group website. The documents are made available via a subscription service that provides access to interactive trading data, technical analysis tools, trade listings, company announcements, broker recommendations, and other resources. The subscription also gives traders access to detailed information on bond pricing updates and market news. Alternatively, traders can ask a broker-dealer to provide them with the Yellow Sheets, which are stamped and sent via fax or email.
In short, the Yellow Sheets are invaluable to traders and investors who want comprehensive information on the corporate bond market. The data contained in the sheets can help traders make informed decisions, identify pricing opportunities, and become knowledgeable about the corporate bond market. Through their reliable and accurate data, the Yellow Sheets are a valuable resource for the bond trading community.