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The FINRA operates the TRACE (Trade Reporting and Compliance Engine) system, which reports over-the-counter secondary market trades of fixed-income securities. Find the TRACE Fact Book

  1. The FINRA operates the TRACE (Trade Reporting and Compliance Engine) system, which reports over-the-counter secondary market trades of fixed-income securities. Find the TRACE Fact Book at www.finra.org/industry/trace/trace-fact-book. Find the data tables and locate the table with information on corporate bond issues, excluding convertible bonds. For each of the last three years, calculate the following.
    1. The percentage of bonds that were publicly traded and the percentage that were privately traded.
    2. The percentage of bonds that were investment grade and the percentage that were high-yield.
    3. The percentage of bonds that had fixed coupon rates and the percentage that had floating rates.

Repeat the calculations using the information for convertible bond issues

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