Geoffroy Vander Linden’s Post

CP+ achieved its best-ever prediction accuracy for USD IG bonds last month, as measured by the deviation of CP+ predictions versus institutional-size traded levels. The 0.89 bps median deviation from traded levels* achieved in May 2024 highlights the efficacy of the continuous improvements to the CP+ prediction algorithm and data sources. Even when accounting for market conditions by expressing prediction deviation as a percentage of bid/ask (B/A) spreads, CP+ outperformed in May with a prediction variance of 44% of market B/A spreads. CP+ is MarketAxess’ proprietary AI powered pricing engine for corporate bonds. For more: https://okt.to/WrQayk

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