# Term Structure of Corporate Bond

I am looking for some clarity on data for Corporate Bond term structure based on Credit Rating. Let say, I need to get the Term Structure for Corporate Bonds with rating CCC, how can I get such information in reality? There would be thousands of such Issuers so for every case I will get little different Term structure based on Liquidity and other factors?

How practitioners actually get such Term structure? Does Bloomberg provide such data directly for various Ratings??

• Usual sources are indeed Bloomberg or Reuters. I do not know the Bloomberg Mnemonic, but Reuters screen SECTORCURVES and ISSUERCURVES can be a good starting point. Reuters (usually) has sector curves for Rating AAA/AA to BB /B available. Nov 9 '20 at 9:29
• @Kermittfrog could you please share some schreenshots from Reuters Nov 9 '20 at 9:57
• Sorry, I have no access to Reuters Nov 9 '20 at 11:09
• In investment grade, all bonds with the same probability of default are kind of fungible and you can spreak of a "A-" or a "B" yield curve. But the further into high yield, the more different each individual issuer and even issue become. In particular, the recovery assumption can cause very different yields for instruments with the same probability of default. So an average yield curve is not as useful. Dec 4 '21 at 15:17

On Bloomberg: CRVF ("Curve Finder"), pick your country/region then tab 12 for credit. This will give you curves by sector and/or by ratings bucket, though only down to single B from what I can see.