Corporate bonds · TRACE aggregates · Updated every market day
The US corporate bond market today
Where equities have a ticker tape, corporate bonds have TRACE — FINRA's record of every reported trade. This page distills the day's aggregate activity: how broadly the market rose or fell, how much traded, and which bonds everyone was trading.
Loading latest data…
Market breadth
Advances vs declines and total volume, by market segment — the corporate bond market's daily scoreboard.
Most active bonds
The issues with the heaviest reported trading — typically large, liquid benchmark bonds from household-name issuers. Heavy activity usually means tighter pricing; thinly traded bonds are where retail markups hide.
Why aggregate data first
Everything above is derived, aggregate information — market-level statistics computed from TRACE rather than a rebroadcast of individual trade prints. That distinction matters: it's the legally clean way to bring corporate bond transparency to a free page. The bond-by-bond layer — screening individual issues, checking a quote against recent institutional prints — is the paid tooling on our roadmap, built on properly licensed per-trade data.
If you're new to corporates, the one number to internalize from this page is volume concentration: a handful of mega-liquid bonds trade constantly while tens of thousands of issues barely trade at all. Liquidity is the corporate bond market's real currency, and the credit spread you're paid always includes compensation for how hard a bond is to sell.
The week's corporate market story, every Sunday — the free Basispoint letter.