Citi and Lehman swap index data to improve pricing

The deal covers most of the investment-grade universe but not high yield

In a move to improve the validity of their index prices, Citigroup and Lehman Brothers have agreed to exchange valuation data for the constituents of their respective bond indices. Under the terms of the agreement, the firms' index teams began exchanging data at the end of each day for common sectors in their indices on February 15.

The agreement covers most securities in the US, European and Asian investment-grade indices, but for the moment, does not include the firm's respective high-yield

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