Bond Spread Calculator
With the Bond Spread Calculator, you can compare the credit spreads of bonds.
Use the integrated quick search to search and select a bond. To do this, select the search icon, search for the bond at the desired trading place and then select the "Add" button that is now visible.
Alternatively, you can also drag the bonds from other widgets (for example, from a Watchlist) to the calculator. From the drop-down list in the upper part of the widget, select the country whose government bonds you want to set as a "risk-free" investment for comparison.
You find the following functions and columns in the "Bond Spread Calculator" widget:
| Field | Description |
|---|---|
| Select country | Use this upper selection list to choose a country for the government bonds as benchmarks. |
| Search icon ("magnifying glass") | Use this icon to search for the bonds you want to analyse. |
| "Trading venues" drop-down list | Select the relevant trading venue for the to add bond fixing from the drop-down list. |
| "Add" button | Click this button to add the bond. |
| "Menu" icon | The familiar menu is available via the menu icon on the left of each line. You can also use this menu to remove the respective bond from the widget again ("Delete" command in the "Instrument" area).
|
| Instrument | Click in this table cell to start the search for a bond. After you selected a bond, this field shows the ticker of the bond. To replace the currently selected bond, click in the field again. |
| Name | The security name of the bond. To enter a security name manually or replace the current value, click in this field and overwrite the name. |
| Maturity date | The date when the bond matures. To enter the maturity date manually, click in this field and use the integrated calendar to specify the date. |
| Yield | The yield of the bond. To enter the yield manually or change the current value, click in this field and overwrite the value. |
| Method | The calculation method of the day count convention. To assign a different day count convention, click in this field and select the corresponding method from the list.
|
| Gov. annual return | The yield of the government bond of the country selected according to the day count convention (method) specified. You can change the country from the drop-down list in the upper part of the widget. |
| Credit spreads | The credit spread of the bond according to the day count convention (method) specified. The yield of the bond is compared to the "risk-free" government bonds with the same time to maturity. |
In the Widget Gallery, you find the "Bond Spread Calculator widget in the "Defaults" section of the widgets for bonds.