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Option Adjusted Spread - OAS
What does it mean?
Mainly used for fixed income products, OAS measures the yield spread that is not directly attributable to the fixed income's characteristics.
In Other Words...
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.
Related Links
Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them.
Related Terms
Bond | Kicker | Sweetener
1 |
A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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