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Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35351  
Subject: Exchange-Traded Debt Spreadsheets Date: 11/24/2009 5:08 PM
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Fools,

If anyone is interested, I've created a few additional spreadsheets based on the QuantumOnline data and the template I put together earlier. I thought that it might be past-time to post them.

They list security issues for a given issuer. You might find them interesting in part because the symbols are fixed and so Google Docs will let you sort them based on Yield or YTM.

Ford: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdHFzTGh6...
Wells Fargo: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdHFpTDFP...
Bank of America: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdEdCa2xZ...
Motorola: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdGk3VzRT...
CBS: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdDlDMmpR...
ING: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdFZleEYw...
Fifth Third Bancorp: http://spreadsheets.google.com/ccc?key=0ArC7PlrDoTbpdExxWUg0...

Obviously others are possible; but these are some of the issuers I hold, so I had an interest in constructing these sheets to compare my holdings against alternatives and to examine the price of alternative obligations from the same issuer.

I've frozen the titles and the columns to make it easier to browse the content. Also, if you hover the cursor over row split, you'll notice that there is a "Sort" feature that will let you sort the table by that field - either ascending or descending.

I still haven't worked up the YTW calculation ... which would be nice. There are other things that need doing here too.

- Joel
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Author: junkman02 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 29215 of 35351
Subject: Re: Exchange-Traded Debt Spreadsheets Date: 11/26/2009 12:12 PM
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I still haven't worked up the YTW calculation ... which would be nice. There are other things that need doing here too.


Joel,

Possibly, the following info might be useful to you. It would seem (per their directions) that YTW could be handled in your SS with an IF formula of the sort: IF "call" < "maturity", THEN x, ELSE "maturity" which would be embedded in the master foruma for calculating YTMs. At worst, another column would be added to the SS and the ELSE result would be null if there were no YTW to calculate.

What got me looing at this was an attempt to find discussions of YTB (Yield to Best) which no one seems to worry about. Howvever, and belatedly, I think the concept is crucial to bond investing. But that's a post for another time.

Yield-to-Maturity (YTM) Formula for Bonds using Microsoft Excel 
YTM = Yield(settlement, maturity, rate, price, redemption, frequency, basis)

•Settlement = Date in quotes of settlement.
•Maturity = Date in quotes when bond matures.
•Rate = Nominal coupon interest rate.
•Price = Redemption value as a percent of par value.
•Redemption = Price as a percent of par value.
•Frequency = Number of coupon payments per year.
?1 = Annual
?2 = Semiannual
?4 = Quarterly
•Basis = Day count basis.
?0 = 30/360 (U.S. NASD basis). This is the default if the basis is omitted.
?1 = actual/actual (actual number of days in month/year).
?2 = actual/360
?3 = actual/365
?4 = European 30/360
Note that yield to call (YTC) and yield to put (YTP) can also be calculated using this formula.

To calculate the yield to call:

•Maturity = Date of earliest possible call.
•Redemption = Call price.
To calculate yield to put:

•Redemption = Date that put can be exercised.

Yield to Worst, Yield to Sinker, and Yield to Average Life can be calculated by substituting
the appropriate date for the maturity date.



http://thismatter.com/money/bonds/bond-yields.htm

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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 29223 of 35351
Subject: Re: Exchange-Traded Debt Spreadsheets Date: 11/26/2009 9:26 PM
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Sorry for coming in late.

YTW? Is the task here to have an excel spreadsheet that will give the minimum yield for various scenarios (call, maturity)

Are you looking for one formula - like charlie mentions (If, Then) or seperate cells calculate each call/maturity and the use Min()?

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