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.

Read more about this topic:  Bond Duration

Famous quotes containing the words spread and/or duration:

    I could have spread my wings and done a thousand things I’ve never done before.
    Alan Jay Lerner (1918–1986)

    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)