Option-adjusted spread
id:
option-adjusted-spread-230-126608
title:
Option-adjusted spread
text:
Option-adjusted spread (OAS) is the yield spread which has to be added to a benchmark yield curve to discount a security's payments to match its market price, using a dynamic pricing model that accounts for embedded options. OAS is hence model-dependent. This concept can be applied to a mortgage-backed security (MBS), or another bond with embedded options, or any other interest rate derivative or option. More loosely, the OAS of a security can be interpreted as its "expected outperformance" vers
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Option-adjusted_spread
date created:
2004-12-19T04:44:21Z
date modified:
2024-09-15T13:34:07Z
main entity:
{"identifier":"Q7098999","url":"https://www.wikidata.org/entity/Q7098999"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/8/89/OAS_valuation_tree_%28es%29.png","width":640,"height":550}
fields total:
13
integrity:
15