The upgrades to Bloomberg’s evaluation pricing service, BVAL, and its intraday front office pricing service, IBVAL, aim to give investors comprehensive fixed income pricing on Australian bonds in one place for the first time.
The firm said it has added 600 Australian ABS securities to its coverage, building on its existing universe of 1,600 Australian residential mortgage-backed securities (RMBS) and corporate bonds.
With these additions, Bloomberg said users will be able to more easily compare risk, return, and valuation trends across asset classes, while also supporting unified reporting and downstream analysis.
Ben Pool, head of sales for Australia and New Zealand at the firm, stated that the upgrades reflect clear demand for broad, comprehensive pricing data in the Australian market.
“Creating a single source of evaluated pricing unlocks new efficiencies for our Australian clients and reflects the trading preferences of a large, growing swath of fixed income investors based here,” Pool said.
This follows Australia’s securitised products market hitting a record $79.46 billion in issuance in 2024, making it the third-largest market globally outside the US, according to Bloomberg data.
In response to the Australian Prudential Regulation Authority’s (APRA) call for risk metrics that better reflect market conditions by incorporating both buyer and seller perspectives, Bloomberg has also strengthened its BVAL Curves offering, adding mid- and ask-side issuer curves to complement its existing bid-side curves.
Commenting on the updates, Jen Pariseau, global head of BVAL securities products at Bloomberg, further emphasised that as Australia’s financial markets mature, investors are increasingly looking for advanced tools to assess trends across credit markets.
“We’ve worked in lockstep with our clients in Australia to build what they need: reliable pricing, intraday transparency, and curves that reflect real market dynamics,” Pariseau said.
In addition to these changes, IBVAL’s pricing coverage has also received a revamp, now expanded for Australian trading hours, now including USD corporates, emerging market bonds, and AUD and NZD government and corporate securities.
The firm stated that this move aims to bridge a long-standing gap for local investors by providing near real-time prices aligned with active trading hours.
BVAL is accessible through the Bloomberg Terminal and via Data License on data.Bloomberg.com, while IBVAL is available on the Terminal and through Bloomberg’s real-time market data feed, B-PIPE.
