From what I've seen, most Bonds have no bid-ask value.
What does that mean exactly?
Supposition 1): Nobody is trying to buy or sell this Bond. In this case, which is a good value to estimate the Bond?
Supposition 2): What about the "first time" the company is selling the bond? How does that appear in the bid value?
The answer to this probably depends on where you are getting a quote. I have brokerage accounts where there is no bid/ask. That's because the broker is not providing a live market. If you buy, you buy at the price that they have posted. If you sell, you ask them for a quote and then either take it or leave it. I'm pretty sure that in these cases the broker is actually taking the other side of the trade in every case rather than matching buyers to sellers, but that's supposition on my part.
