The Interpolated Spread, I-spread or ISPRD of a bond is the difference between its yield to maturity and the linearly interpolated yield for the same maturity on an appropriate reference yield curve. The reference curve may refer to government debt securities or interest rate swaps or other benchmark instruments, and should always be explicitly specified.[1] If the bond is expected to repay some principal before its final maturity, then the interpolation may be based on the weighted-average life, rather than the maturity.[2]
See also
[edit]References
[edit]- ^ O'Kane, Dominic; Sen, Saurav (March 2004). "Credit Spreads Explained" (PDF). Lehman Brothers. pp. 4–6. Archived from the original (PDF) on July 5, 2010.
- ^ Ho, Thomas S.Y.; Lee, Sang Bin (2004). "Valuation of a Bond". The Oxford Guide to Financial Modeling. Oxford University Press. p. 265. ISBN 978-0-19972770-4.
Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction