Option-adjusted spread (OAS)
(a) The spread over an issuer's spot rate curve, developed as a measure of the yield spread that can be used to convert dollar differences between theoretical value and market price.
option-adjusted spread
option-adjusted yield
Fixed income instruments are often described as trading at a spread over some benchmark yield. For example, a 10-year callable corporate bond might have a yield to maturity (YTM) of 6.7%.
option-adjusted spread (OAS)
(1) A measurement of the return provided to an investor from a financial instrument that is either an option or that includes an option.
option-adjusted spread, or the extra yield demanded by the security holder to compensate for the mortgage repayment option;
current-coupon spread
volatilities
convexity
cost of carry ...
Default Option-Adjusted Spread
US Credit Indexed-Note Default Index
Non Performing Loan (loans in default or close to it) ...
were the cyclical maximum points of the option-adjusted spread on the Merrill Lynch High Yield Master II Index, in January 1991, June 2002 and December 2008.
By Martin S. Fridson
More ...
There are several measures of yield spread, including Z-spread and option-adjusted spread.
Consumer loans ...
A brokerage account that is approved to hold option positions or trades.
Option-adjusted spread (OAS) ...
Option-adjusted spread (OAS)
Options contract
Options contract multiple
Options on physicals
Original margin
Other Current Assets
Other Long Term Liabilities
Other Sources
Out Of The Money
Overbought\Oversold Indicator ...
 See also: Ted spread, Yield spread, Spot rate, Spot rate curve, Theoretical value
  
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