标题: Big OAS preferred over small OAS - why? [打印本页]

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作者: chunty    时间: 2011-7-13 15:23     标题: Big OAS preferred over small OAS - why?

Can anyone please explain?

Thanks

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作者: hassan    时间: 2011-7-13 15:23

After you remove the effect of the embedded option, you get a bond with a higher spread.

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作者: bdavi77962    时间: 2011-7-13 15:23

Since when is "Big" not preferred to "Small?"

Never mind...

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作者: tianxin    时间: 2011-7-13 15:23

higher OAS means higher yield than benchmark.. hence cheaper bond. higher the OAS cheaper the bond..

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