jo
Member of DD Central
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Post by jo on Feb 26, 2018 18:14:04 GMT
How often are bond prices marked-to-market on the platform? (I'm thinking about a certain motoring organisation which is currently experiencing some turmoil). Unless I'm looking at the wrong ISIN, they're trading c87, but marked at 96.
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Post by kazamx on Feb 28, 2018 16:04:38 GMT
If I remember right it was when they buy more of a bond, if the price changes a lot, or if they feel like it. There doesn't seem to be a pattern.
For example, the Garfunkelux High Yield bond was changed today, but the AA one still hasn't and more interestingly the New Look one is still showing at 75p when it is below 50p and has been for months. New Look is also the only bond on the market that can't currently be put up for sale by current investors. Matalan was locked for awhile but they seem to have done that just to keep the market clear when Matalan repaid the bond.
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