An Introduction to Option-Adjusted Spread Analysis |
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| Author:
| Windas, Tom |
| Foreword by:
| Bloomberg, Michael |
| Series title: | Professional Library |
| ISBN: | 978-1-57660-002-3 |
| Publication Date: | Jan 1996 |
| Publisher: | John Wiley & Sons, Incorporated
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| Imprint: | Bloomberg Press |
| Book Format: | Hardback |
| List Price: | Contact Supplier contact
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Book Description:
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Option-adjusted spread (OAS) analysis is recognized as an invaluable tool for analyzing and comparing bonds with different structures. Starting with the fundamentals and progressing by easy steps, this compact guide--now updated and expanded with a section on estimating theoretical "fair value"--helps readers build a working knowledge of the limitations of tradition yield-based risk and return analysis, determining "option-free" price and yield, measuring a bond's price sensitivity to...
More DescriptionOption-adjusted spread (OAS) analysis is recognized as an invaluable tool for analyzing and comparing bonds with different structures. Starting with the fundamentals and progressing by easy steps, this compact guide--now updated and expanded with a section on estimating theoretical "fair value"--helps readers build a working knowledge of the limitations of tradition yield-based risk and return analysis, determining "option-free" price and yield, measuring a bond's price sensitivity to changes in interest rates, and more.