We have added screenshots and faxes that show the bond prices as reported through TRACE on FINRA's website. We have contacted FINRA to explain. In short, at approximately 8:45A EST the bond price data becomes unavailable for about 30 seconds to a minute. Then, the price data returns showing the bonds at or nearly at par value. This information stays on the website until about 5 minutes till 9:00A EST. This is during normal system hours for TRACE, so is unlikely to be a system maintenance artifact. This does not happen everyday, but often enough. Again, we are awaiting FINRA & TRACE to offer an explanation.
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