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- 2011-7-11
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- 2014-8-7
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hw0799 Wrote:
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> why OAS is zero when benchmark is issuer-specific?
> I think still could have some liquidity risk.
> thanks.
It is not always zero. It could have a positive or negative OAS compared to the issuer's benchmark. If its OAS=zero, it's fairly valued. If its OAS>zero, then its cheap and you should buy it, etc. |
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发表于 2011-7-11 19:54
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