Articles
Measuring Interest Rate Risk: Full Valuation Approach
We know that bond prices are sensitive to interest rate changes. A portfolio of bonds will suffer a loss if the interest...
An Overview of Behavioral Finance
‘Man is a rational being’ is a hypothesis that has been proved wrong several times over. Each person has their individua...
What is CIBIL, Credit Score and Why You Should Care?
Banking is a risky business and it is very important for the lenders to make a fact-based informed decision while extend...
How to Value a Bond Using Forward Rates
We have seen that a bond can be valued using spot rates by discounting each cash flow by the spot rate for the maturity....
Securities Exams
FINRA, the U.S. Financial Industry Regulatory Authority, NASAA, and National Futures Association (NFA) conduct various f...
Mutual Funds: A Beginner’s Guide
We all have different financial goals at different points of time. It could be the education of your child, retirement p...
Buying a Home: When to say NO?
For most people it’s a dream to own a house. Any house, most people would say that we call our own. No more bickering...
Setting Financial Goals: Back to the Future
Everybody needs financial goals. Right? Right. What are yours? It could be to have a nice nest egg by the time you reti...
FAQs on Quantitative Finance
Getting agreement between finance theory and finance practice is important like never before. In the last decade the de...
Simplicity, Risk Sensitivity and Comparability: The Regulato...
The is a speech given by Wayne Byres, the Secretary General at Basel Committee on banking Supervision. In his speech,...
Five Businesses You Can Start For Under 5K
Small businesses have always been the backbone of America. Even though there are many perks for working for self, many p...
How to Calculate Forward Rates from Spot Rates?
Once we have the spot rate curve, we can easily use it to derive the forward rates. The key idea is to satisfy the no ar...
What are Forward Rates?
Till now we have looked at the spot rates and we also learned about how to construct spot rate curve. Essentially a spot...
Option-adjusted Spreads (OAS)
The Z-spread handles one problem present in nominal spread effectively, i.e., that is, it measures the spread over the e...
Z-Spread: Definition and Calculation
The problem with nominal spread is that it measures the spread at just one point on the yield curve. The z-spread solves...
Nominal Spread
Nominal Spread, or the nominal yield spread, is the most simple yield spread for non-Treasury bonds. Nominal spread meas...
How to Make a Million Dollars an Hour
If you liked our article – Nine facts about Working on Wall Street – you will also like this video interview with Les L...
Margin Requirements for Non-centrally Cleared Derivatives - ...
The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) have tod...
How to Price a Bond Using Spot Rates (Zero Curve)
The simplest way to calculate the value of a bond is to take the cash flows of the bond till its maturity and then disco...
Bootstrapping Spot Rate Curve (Zero Curve)
A spot rate curve, also known as a zero curve refers to the yield curve constructed using the spot rates such as Treasu...
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