岳同学2020-11-18 11:29:32

請問mock1-Q10-A，我這樣寫是否足夠? 1. OAS is appropriate to measure yields of options embedded bonds, unlike other spreads, such as G-spread, I-spread, and Z-spread; 2. OAS = Z-spread - option costs. The difference comes from option costs; 3. OAS is appropriate to measure the yield of TRG bonds because they are callable bonds. Other spreads, such as z-spread doesn't fully account for the characteristics of callable bonds.