About
Order-book pricing for fixed income.
OpenYield operates an SEC-registered alternative trading system for fixed income, matching firm, all-to-all orders across U.S. Treasurys, corporate bonds, and municipal bonds.
Its pricing is derived from live order-book activity rather than dealer submissions or indicative marks, covering the entire Treasury curve rather than benchmark tenors alone.
OpenYield provides reference data, intraday and end-of-day pricing, bond analytics, and market-wide TRACE and MSRB trade prints through REST, FIX, and flat-file delivery. Its schemas are structured for programmatic and agent-driven workflows.
Datasets
In their words
“
Bond data has always trailed equities — expensive, fragmented, hard to reach. As fixed income goes electronic, OpenYield is closing that gap: equity-like execution, and now equity-like data. We're proud to work with Pyth to put real-time Treasury, corporate, and municipal data in front of a global base of applications and institutions.
Jonathan Birnbaum
Founder & CEO, OpenYield