OAS > Z spread for callable bonds
I am looking on bloomberg terminal, and I have looked at tens of callable bonds where OAS > Z spread, I really do not know what to make of that…. Any idea? I chatted with support and they said for some of them it is because they are perps (so what?). Anyway most were not perps ….
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.