Two Manchester encoded bit streams each bit stream with accompanying embedded clock data are disclosed. The two encoded bit streams are encoded at the source using opposite polarities of the source clock to position transitions within the bit streams at the rising and falling edges of the source clock. The receiver may extract the clock data from both bit streams. Because both rising and falling edge clock data is available between the two bit streams, the receiver does not need a phase locked loop (PLL) or incur the accompanying expense of such PLL. Further, by avoiding use of a PLL, a nearly all digital circuit may be created, which may provide further cost and space savings. Still further, a higher data throughput is provided without increasing pin count or signal bandwidth.