Bloomberg Aims to Expand Early Alerts

Bloomberg has launched Early Alerts, which predicts changes in US dollar corporate investment grade and high yield securities and will aim to expand the machine learning model to other currencies and securities. Early Alerts, which was launched last month, uses Bloomberg’s proprietary library of fixed income data with machine learning models to develop predictive insights for more than 16,000 US dollar denominated investment grade and high-yield corporate bonds. The model generates scores over 1-day, 5-day, and 20-day horizons. The higher the score, the greater the probability that a corporate bond will have a significant credit spread tightening or widening. The model could also be extended to other securities such as government bonds or municipal bonds. Early Alerts is available to Bloomberg Enterprise Data clients.