[private role=’subscriber’]
Last week Bloomberg acquired Australian bond indices from UBS as part of an expansion into the index industry. Media companies are viewed as less conflicted custodians than banks of such relied-upon data since they have no obvious stake in the direction of prices.
The UBS Australia Bond Index family is generally viewed as the leading benchmarks for the Australian fixed income market and is used by asset managers, asset owners and investment consultants in Australia and across the world. Bloomberg says it will maintain and grow this index family under the brand, the Bloomberg AusBond Index family.
Bloomberg will make these indices available on the Bloomberg Professional service as well as on other distribution platforms. The Bloomberg AusBond Indexes include more than 500 bonds and are used as benchmarks for the majority of fixed income assets in Australia. Bloomberg will independently price the index family using its evaluated pricing and will calculate and publish the indexes daily.
[/private]