Bond Analysis
Clicking Analyze...
from the Bond dialog box opens the Bond Analysis
dialog box
displayed in Figure 8.32.
Figure 8.32: Bond Analysis
The following items are displayed:
Analysis Specifications
- Yield-to-maturity
holds the percentage yield upon which to center the analysis.
- +/-
holds the maximum deviation percentage from the Yield-to-maturity to consider.
- Increment by
holds the percentage increment by which the analysis is calculated.
- Reference Price
holds the reference price.
- Analysis Dates
holds a list of SAS dates for which you perform the bond analysis.
You must specify the analysis before valuing the bond for the
various yields.
Once you adequately specify the analysis, click
Create Bond Valuation Summary
to generate the bond valuation summary.
Bond Valuation Summary
fills when you click
Create Bond Valuation Summary.
The schedule contains a row for each rate with information concerning
the following:
- Date is
the SAS date when the Value gives the
particular Yield.
- Yield is
the percent yield that corresponds to the Value at the given
Date.
- Value is
the value of the bond at Date for the given Yield.
- Percent Change is
the percent change if the Reference Price is specified.
- Duration is
the duration.
- Convexity is
the convexity.
Graphics...
opens the Bond Price
graph representing the price versus yield-to-maturity.
Save Data As...
becomes available when you fill the Bond Valuation Summary area.
Clicking it
opens the Save Output Dataset dialog box
where you can save
the valuation summary (or portions thereof) as a SAS Dataset.
Return
takes you back to the Bond dialog box.
Copyright © 2000 by SAS Institute Inc., Cary, NC, USA. All rights reserved.
