The z-spread is an important tool for assessing the relative value of bonds. It represents the constant spread that, when added to the Treasury spot rate at each cash flow point, equates the bond's price to the present value of its cash flows. ...
Bonds Yield Spread Yield SpreadYield spread is the difference between the yield to maturity on different debt instruments. Common examples of yield spreads are g-spread, i-spread, zero-volatility spread and option-adjusted spread.Bond yield is the internal rate of return of the bond cash flows....
不矛盾。 如您后半段说的Zero volatility: assuming the interest rate volatility is zero, so it is inappropriate to use z-spread when valuing bonds with embedded options. 在基础班讲义里面我们也提到过,Z-spread: the constant spread that, added to the implied spot yield curve, makes the discount...
点击查看答案&解析手机看题 单项选择题 Which of the following bonds has the shortest duration A bond with a: A. 20-year maturity, 6 percent coupon rate. B. 10-year maturity, 6 percent coupon rate. C. 10-year maturity, 10 percent coupon rate. 点击查看答案&解析手机看题扫码...
The article reports on concern being expressed by investors over what will happen to government bonds if U.S. Federal Reserve (Fed) chairman Ben Bernanke reconsiders quantitative easing (QE), his mass bond buying programme. According to his...
The author overviews the worsening bond market in Great Britain brought by the financial crises and suggests business opportunities for investors. He highlights corporate bond funds and the opportunities it can offer, in contrast to oth...
It notes that these uncertainties push them towards countries that have robust growth and responsible monetary policy. It also emphasizes that many managers find emerging sovereigns more attractive than corporate bonds.Cox, HugoAsian Investor
We find that credit spread curves of the various-graded bonds are much more variant and do not necessarily follow the few patterns prescribed by existing research. However, we can still see clearly that they ...
Deals with the market condition of privately placed securities in the United States. Status of bond buying in the public market; Problems surrounding corporate bonds; Details on pricing difficulties in the private...
The author reflects on the widening levels of credit spreads in terms of corporate bonds in Great Britain. He argues that the mortgage approvals and transaction volumes must be restored to enable the market to recover. He emphasizes the need of the Bank of Englan...