Bond Duration - Spread Duration

Spread Duration

Sensitivity of a bond's market price to a change in Option Adjusted Spread (OAS). Thus the index, or underlying yield curve, remains unchanged.

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Famous quotes containing the words spread and/or duration:

    Cows sometimes wear an expression resembling wonderment arrested on its way to becoming a question. In the eye of superior intelligence, on the other hand, lies the nil admirari spread out like the monotony of a cloudless sky.
    Friedrich Nietzsche (1844–1900)

    Higher than the question of our duration is the question of our deserving. Immortality will come to such as are fit for it, and he would be a great soul in future must be a great soul now.
    Ralph Waldo Emerson (1803–1882)