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.
Read more about this topic: Bond Duration
Famous quotes containing the words spread and/or duration:
“There’s Margaret and Marjorie and Dorothy and Nan,
A Daphne and a Mary who live in privacy;
One’s had her fill of lovers, another’s had but one,
Another boasts, “I pick and choose and have but two or three.”
If head and limb have beauty and the instep’s high and light
They can spread out what sail they please for all I have to say....”
—William Butler Yeats (1865–1939)
“This pond never breaks up so soon as the others in this neighborhood, on account both of its greater depth and its having no stream passing through it to melt or wear away the ice.... It indicates better than any water hereabouts the absolute progress of the season, being least affected by transient changes of temperature. A severe cold of a few days’ duration in March may very much retard the opening of the former ponds, while the temperature of Walden increases almost uninterruptedly.”
—Henry David Thoreau (1817–1862)