Find Bonds on Bloomberg

7/27/2019 Find Bonds on Bloomberg

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Bloomberg Functions for the

FIN 300 Bond Project

Prof. Carissa Phillips

Spring 2012


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Features to note on the Bloomberg keyboard

Connection Default for login

Menuto

return to the

previous screen

Page Forward

and Page Back

to scroll through

screens

F3for general info on

Corporate Securities

GOsame as

Enter on a

regular

keyboard

HELPto search the

system or chat with BB


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Click on the Bloomberg icon on the desktop to get this screen. Then, hit the green GO/Enter key

on the board to go to the login screen (next slide).


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TO LOG IN TO BLOOMBERG, USE THE LOGIN AND PASSWORD PRINTED ON THE BASE OF ONE OF

YOUR MONITORS.


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Click somewhere in an empty area, like here to activate the screen and get the blinking blue box

where you will type.


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Finding A Bond


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Start with your sheet, or by going to FINRA

(http://cxa.marketwatch.com/finra/MarketData/Default.aspx )

to find two pieces of info: the CUSIP and Issuer Name for the bond
http://cxa.marketwatch.com/finra/MarketData/Default.aspxhttp://cxa.marketwatch.com/finra/MarketData/Default.aspx


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The easiest way to find a bondwhich doesnt work in all casesis to enter the CUSIP number at

the blinking blue box. Bloomberg should autocomplete to show offer a link to the security. If you

click on the link, youll be taken to the Analyze Corp Bonds Menu for the bond.


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If searching for the CUSIP doesnt retrieve the bond, then start typing the Issuer Name.

Bloomberg will autocomplete to give options. You want the option under Securities that has the

issuers ticker, and then Corp. If you dont see that on this screen, click More Securities at the

bottom. For this example, click on the line that says MCD Corp.


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You should get a list of all of the issuers outstanding corporate securities. You may need to use

the Page Forward/Back keys or scroll wheel on the mouse to scroll to other screens if the list is

long. Find the bond in the list and click on it to get to the Analyze Corp Bonds Menu.


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This is the main menu page for this bond, which you can tell from the path (Analyze MCD 6 3/8

01/08/28 Corp), and from the ticker on the gray bar at the top of the page. If you ever get lost,

you can type CU (the function code associated with this page ) at the blinking blue cursor to get

back here.


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Ways to Analyze A Bond


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There are several functions on this menu screen that can be useful to your research. A few of

those will be highlighted. Start by clicking on 16) DES Description.


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Bond Description


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Here youll get a basic description about the bond, and also links to other options. These other

options can be identified by the #) in frontwhenever you see #), that is something you can click

on to go to another page. You can also find links by hovering the mouse pointer over any

Bloomberg screen; links will have a white border around the text. Click on 36) CF Prospectus.


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Bond Prospectus


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This is the company filings screen. Click on 2) to get the original document.


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The filing, linked through Bloomberg.


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You can use CTRL-F to search for certain keywords within the text


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If you want to copy any of the text, you can highlight the text, then use CTRL-C to copy,

CTRL-V to paste. When youre done, you can just close this window. You will get a message

asking if you want to close this child windowsay yes.


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Sending Yourself a Screenshot


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If you want to capture an image of this screen, or of most other screens in Bloomberg, you can

use the GRAB function (next slide).


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Type GRAB at the blue box in the upper left corner and hit GO/Enter.


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This will open up an email form. Enter the email address that youd like to send the screenshot

to. You can type in a description, too, if you want. When youre done, hit GO/Enter. MOST

IMPORTANT: make sure that you click on the text that says 1 SEND, or else it wont be sent.


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Wait for the Mail Sent confirmation. NOTE: This will show up in your email account as coming

from the Market Info Lab. If you dont see the email in your inbox, check your junk mail/spam

filters. Notice that this bond is still loaded in the system, according to the gray bar at the top.


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At the blue cursor, type CU, then hit GO/Enter, to get back to the Analyze Corp Bonds Menu for

the bond.


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Back at the Analyze Corp Bonds Menu for the bond. Click on 15) Descriptive > to get more

descriptive functions for the bond, like historical credit ratings.


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Looking at Ratings for A Bond


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These are the Descriptive functions for the bond, within the overall analysis functions for the

bond, which you can tell from the path at the top. Click on 15) CRPR Credit Profile.


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This bond is rated by several agencies; others may be rated by more or fewer. Note that there is

one page of info here; if there were more, you could use the Page Forward/Page Back keys, or the

scroll wheel on the mouse, to get to them. Click on 2) to see the ratings history for this bond from

Moodys.


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Historical ratings for this bond from Moodys. To go back to the CRPR page, click Close


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When youre done with CRPR, click Descriptive Menu on the gray bar at the top of the page to go

back to the Descriptive menu for the bond.


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At the Descriptive menu, click Analyze MCD (which acts like a link in a web browser) to go

back to the Analyze Corp Bond Menu page.


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Back at the Analyze Corp Bond Menu page.


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Finding Historical Prices


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Click on 25) GP Price Graph


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The default displays are listed in the yellow boxes, and any of these details can be changed. Click

the red tab for 98) Table to get the numbers that make the chart.


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The range of dates was changed to go back to 2008, by typing in the new dates and hitting

GO/Enter. Click Analyze Corp Bond Menu to get back to that page.


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Valuation, Hedging, and Cashflow

Functions


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Click on 4) Analytics > to see other options for analyzing the bond


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This is the menu of options under on 4) Analytics. Some of the functions to note are 14) CSHF

Cashflow Analysis and 16) PFC1 Present Value Analysis.


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The CSHFBond Payment Schedule screen. To see Present Value Analysis, you can click on the

gray tab named 12) Present Values.


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The Present Values Screen, which is actually the same thing you would have gotten if you had

clicked on 16) PFC1 Present Value Analysis back on the 4) Analytics page. Click Analytics Menu to

get back to that page.


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Back at the Analytics Menu. Youll need to clickAnalyze MCD 6 3/8 01/08/28 Corp to get back to

the Analyze Corp Bond Menu.


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l i f l i


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General Functions for Analyzing

Corporate Securities


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To view other functions for corporate securities, you can click on Credit (Corp) in the path at the

top of the page.


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Another way to get to the functions for corporate securities in general is to hit the yellow F3 key,

then hit the GO/Enter key.


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Searching for Similar Bonds


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This is the general screen for Corporate securities, as you can see on the path at the top. Click on

1) Find and Create Securities.


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This is the Find and Create Securities screen, which you can see on the path at the top. To find

bonds similar to the McDonalds bond, click on 16) SRCH Bond Search.

Thi i l h f b d ith t l th t f th M D ld b d


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This is a sample search for bonds with coupon rates close the rate of the McDonalds bond

(6.375%) and close to the maturity date of the bond (01/08/28). There are several other options

you can choose from to find similar bonds. After you enter all of the parameters you want, hit the

Search button.


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The search results show 8 bonds with coupon rates and maturity dates similar to that for the

McDonalds bond (plus the McDonalds bond itself). Click the Edit Columns button to add new

columns to the display.


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For example, you could insert a column with credit ratings for the similar bonds. In the window,

click to expand the options under Credit Ratings. Use the scroll bar to see options listed from

other rating agencies.


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For example, click on Moodys so that it is added to the Data Items Selected, then hit the Update

button.


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The column for Moodys ratings has been added on the right. On the column heading, right click

on the mouse to get the option to sort the column by the rating.


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The results list, sorted by Moodys rating. Click Find and Create Securities Menu to go back to

that page.


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Back at the Find and Create Securities page. Click Credit (Corp) to get back to the main

Corporates menu.

Finding Ratings


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Finding Ratings

Definitions and Comparisons


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At the Credit (Corp) menu, click on 21) New Issues, Corp. Actions, Ratings >


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Click on 18) RATD Rating Definition


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The first of 2 pages under RATD. Click on 1) MDY Moodys Investors Service.


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Within Moodys, click on 1) Long-Term and Short-Term


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Click on 1) Long-Term Debt Ratings Definitions


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The first page of the LT debt definition. Use the Page Forward key on the keyboard, or the scroll

wheel on the mouse, to get to see the other pages.


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The third page of the LT debt definitions. Click on New Issues, etc. on the gray bar to get back to

that menu.


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Click on RATD again


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This time, use the Page Forward key on the keyboard or the scroll wheel on the mouse to get to

the second screen within RATD. Click on 35) Long-Term Rating Scale Comparison.

This is the first page of the comparison so you can see how a Moodys A2 rating compares to


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This is the first page of the comparison, so you can see how a Moodys A2 rating compares to

ratings from other agencies. As noted at the bottom, this page (the white text) shows investment

grade ratings; the second page shows yellow text, which is non-investment grade ratings.


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When youre done, you can close Bloomberg by right-clicking anywhere in the page, and selecting

Exit Bloomberg from the menu.


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For Assistance

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Documents

Find Bonds on Bloomberg