This is a measurement tool for evaluating price differences between similar products with different embedded options. A larger OAS implies a greater return for greater risks.
Investment dictionary. Academic. 2012.
Option-adjusted spread (OAS) — (1) 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. (2) The cost of the implied call embedded in a MBS, defined as… … Financial and business terms
Option-adjusted spread — (OAS) is the flat spread which has to be added to the treasury yield curve in a pricing model (that accounts for embedded options) to discount a security payment to match its market price. OAS is hence model dependent. This concept can be applied … Wikipedia
Option adjusted spread — (OAS) is the flat spread over the treasury yield curve required to discount a security payment to match its market price. This concept can be applied to mortgage backed security (MBS), Options, Bonds and any other interest rate… … Wikipedia
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. The option adjusted spread calculations break up a security into separate cash flows. Each of those… … Financial and business terms
Option-adjusted spread — El Option adjusted spread (traducción literal del inglés, spread ajustado a opciones), conocido también simplemente como OAS, es la diferencia de tasas de interés que debe ser agregada a la curva soberana en los modelos de determinación de… … Wikipedia Español
OAS — 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. The option adjusted spread calculations break up a security into separate cash… … Financial and business terms
OAS — or Oas may refer to: Organization of American States, an international organization of the Americas. Ohio Auction School, an auction school in Ohio, USA. Old Age Security, a social security payment available to most Canadians aged 65 or older.… … Wikipedia
OAS — puede referirse a: La Organización de Estados Americanos en sus siglas en inglés (Organization of American States). La Organisation de l Armée Secrète ( Organización del Ejército Secreto ), una organización armada clandestina francesa dedicada a… … Wikipedia Español
OAS — Oracle Application Server (Computing » Networking) ** Organization of American States (Governmental » Military) * Organization of American States (Academic & Science » Ocean Science) * Organization of American States (Business » International… … Abbreviations dictionary
Fixed income attribution — refers to the process of measuring returns generated by various sources of risk in a fixed income portfolio, particularly when multiple sources of return are active at the same time. For example, the risks affecting the return of a bond portfolio … Wikipedia
