Obtaining Information on Bonds

Obtaining Information on Bonds - 17-1Obtaining Information...

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Unformatted text preview: 17-1Obtaining Information on BondsInterpreting Bond QuotesTreasury BulletinStandard & Poors Bond GuideMoodys Bond RecordMoodys Bond SurveyFitch Rating RegisterFitch Corporate Credit AnalysisFitch Municipal Credit AnalysisInvestment Dealers DigestCredit Markets17-2Interpreting Bond QuotesCorporate Bond QuotesLast Last EST EST $ VOLCompany (Ticker) Coupon MaturityPrice Yield Spread UST (000s)Ford (F) 7.45 July 16, 2031 80.625 9.461 503 30 213,645ExplanationsIssued by Ford Motor Company with a coupon of 7.45%Maturity is July 16, 2031The last transaction price was 80.625 percent of par or $806.25, implying an yield to maturity (YTM) of 9.461%The computed yield spread for the Ford bond is 503 basis points (5.03%), in comparison with the prevailing 17-3Interpreting Bond QuotesTreasury and Agency Bond QuotesNotationsn = treasury notei = inflation-indexed issuep = treasury note on which nonresident aliens...
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This note was uploaded on 01/19/2012 for the course FIN 4360 taught by Professor Davidbray during the Spring '12 term at Kennesaw.

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Obtaining Information on Bonds - 17-1Obtaining Information...

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