Market Driven Pricing for Complex Debt

Valuations

How confident are you in explaining where your bond valuations come from?

At Corvid Partners, we specialize in market-driven valuations for illiquid and structured fixed income securities. We price bonds across a wide spectrum, including investment-grade and high-yield corporates, municipals, sovereigns, agencies, quasi-governments, supranationals, distressed, and defaulted debt.

We combine decades of trading experience with proprietary data and ongoing dialogue with active market participants to deliver valuations that reflect actual market conditions—not just theoretical models or book values.

Confident in your valuations when it matters most?

Especially in volatile or thinly traded markets, confidence comes from knowing your numbers are grounded in how the market actually operates—not how someone or some model thinks it should.

What Sets Our Valuations Apart

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Transparent and Defensible

Need help refining a pricing model or testing a new liquidity metric? Every valuation is open to challenge. You deal directly with the people who priced it — not a support desk. Our models are tested continuously against actual execution data, and when something doesn't reconcile, we find out why.

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Custom Indices and Credit Mapping

We build custom indices and credit maps reflecting market sentiment and key factors—like news, jurisdiction, rating, sector, and structure—to create pricing, trading, and hedging benchmarks.

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Trusted by the Industry

As one of the largest contributors to Bloomberg Valuations, we serve regulators, global banks, public pensions, insurance companies, and institutional investors with pricing built for high-stakes decisions.

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Liquidity-Aware Pricing

We evaluate not only credit risk, but also the likely ability to transact—factoring in deal size, current market depths, and historical tradability.

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Real Marketplace Intelligence

Our pricing incorporates daily conversations with market makers, traders, and portfolio managers—not just data feeds.

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Extensive Asset Coverage

From mainstream bonds, loans, and royalties to distressed and structured credit, we price the full spectrum of fixed income.

Other esoteric, illiquid, niche asset classes that we have worked on with our clients — many of which are documented in The Corvid Field Guide, featuring practitioner derived write-ups that capture structural nuances, risk dynamics, and trading realities not typically found in conventional sources.

  • Title XI Ship Financing Bonds

  • Jones Act Bonds

  • Weather Derivatives

  • Weather-Linked Securitizations

  • Longevity Bonds

  • Renewable Energy

  • Catastrophe Bonds

  • Insurance Linked Securities and Warranties

  • Covered Bonds

  • Public Private Partnerships

  • Inflation Linked securities

  • Convertible Bonds

  • Film and Music Libraries and Royalties

  • Project Finance Bonds

  • Private Credit

  • Military Housing Bonds

  • Pinnacle Notes

  • High Notes

  • IG, HY, and Distressed Corporate Bonds

  • IG, HY, and Distressed Municipal Bonds

  • Government Bonds, Notes, and Bills

  • Quasi-Government Bonds, Loans, and Contracts

  • MBS, RMBS, CMBS

  • Mortgage Warehouses

  • CDOs and CLOs

  • Private Toll Roads

  • Floating Rate Notes

  • Variable Rate Demand Notes and Obligations

  • Auction Rate Securities

  • Special Purpose Vehicles of all kinds

  • Public Infrastructure Assets

  • Contract Securitizations

  • GSA Leases

  • Sovereign, Supranational, and Agency Bonds

  • Multilateral Development Bank Paper

  • EETCs and Aircraft Backed Securitizations

  • Reg XXX / AXXX Securitizations

  • Life Settlement Bonds

  • ESPCs (Energy Savings Performance Contracts)

  • Sale Leasebacks

  • Lottery Receivables

  • Healthcare Receivables

  • Whole Business Securitizations

  • Index Linked securities

  • Litigation Claims

  • Leveraged Loans

  • Real Assets

  • Derivatives of all kinds

  • Level 3 to Level 2 Assets