LSEG extends Yield Book analytics partnership with Citi

Rick Steves

It was in 2017 that LSEG announced the deal to acquire The Yield Book and Citi Fixed Income Indices from Citi, including the World Government Bond Index (WGBI), for a total cash consideration of $685 million (£535 million). 

London Stock Exchange Group has extended its long-standing Yield Book analytics partnership with Citi in a multi-year commitment allowing for the expansion of deep models, innovative analytics, and model infrastructure.

These are core to driving long term and sustainable growth as well as providing clients with the necessary analytic tools to help manage their businesses, LSEG stated.

Yield Book, part of London Stock Exchange Group (LSEG)’s Data and Analytics division, has provided fixed income analytics and models to the marketplace for years, helping institutional investors to manage their investments and risk management needs.

Yield Book for portfolios, benchmarks, trading decisions, historical performance, and risk

LSEG’s Yield Book is an authoritative source for fixed income analytics that enables market makers and institutional investors to perform complex analysis of their portfolios, benchmarks, trading decisions, historical performance, and risk.

Its products offer analytical insight into an extensive range of financial products in the fixed income space including governments, agencies, corporates, high yield, emerging markets, mortgages, ABS, CMBS, CMOs, and derivatives.

Emily Prince, Group Head of Analytics at LSEG, commented, “At LSEG and Citi, as trusted partners to our clients we have many shared principles. Today’s announcement reinforces those principles with the expansion of deep models, innovative analytics, and model infrastructure – core to driving long term, sustainable and differentiated growth.”

Mike Daniel, Head of NAM Mortgage Trading and Financing at Citi, said: “We have a long history of innovating in modelling and financial analytics. Our renewed partnership with LSEG enables us to deliver a state-of-the-art experience for our clients.”

LSEG acquired Yield Book from Citi in a $685 million deal in 2017

It was in 2017 that LSEG announced the deal to acquire The Yield Book and Citi Fixed Income Indices from Citi, including the World Government Bond Index (WGBI), for a total cash consideration of $685 million (£535 million).

At the time, the deal was seen as providing attractive revenue and cost synergies of $30 million and $18 million respectively to be achieved through new product opportunities and operational efficiencies.

The acquisition enhanced LSEG’s Information Services data and analytics offering, building on FTSE Russell’s US market presence and fixed-income client base globally and allowed FTSE Russell to capitalize further on key industry trends including strong growth in multi-asset solutions and passive investment strategies.

Yield Book is in its third decade of operation and serves over 350 institutions globally including investment management firms, banks, central banks, insurance companies, pension funds, broker-dealers, hedge funds and investment management firms.

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