How would one calculate yield to first call for a debt security which is currently and always callable?
How would one calculate yield to first call for a debt security which is currently and always callable?
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slothish1 · External communityPost link
External question — Quantitative Finance Stack Exchange
Author: slothish1
Original post: https://quant.stackexchange.com/questions/79113
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If an asset manager has multiple extended warehouse lines outstanding and each one is currently callable (some with penalties, some without), is it simply the case that a ‘to first call’ performance scenario (for instance, for yield to first call analyses) across the portfolio would show every single line paying off tomorrow?
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TourEiffel · External communityPost link
External answer — Quantitative Finance Stack Exchange
Author: TourEiffel
Original post: https://quant.stackexchange.com/a/79114
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The scenario of analyzing YTC across a portfolio with multiple callable extended warehouse lines involves considering the earliest date at which each individual line can be called, but it doesn’t necessarily mean that every line will pay off tomorrow.
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Quoted from Forex.com.bd-Editorial External question — Quantitative Finance Stack Exchange Author: slothish1 Source score (net votes, not local likes): 0 Original post: https://quant.stackexchange.com/questions/79113 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. If an asset manager has multiple extended warehouse lines outstanding and each one is currently callable (some with penalties, some without), is it simply the case that a ‘to first call’ performance scenario (for instance, for yield to first call analyses) across the portfolio would show every single line paying off tomorrow?
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