Introduction to Option-Adjusted Spread Analysis, 3rd, Revised and Expanded Edition of the OAS Classic by Tom Windas

Foreword  (Peter Wilson).

Introduction: Why OAS Analysis?

PART ONE. Yield Analysis versus OAS Analysis. 

CHAPTER 1. Fatal Flaws in Traditional Yield Calculations  

CHAPTER 2. The Bond as a Portfolio.  

PART TWO. Valuing Options. 

CHAPTER 3. Intrinsic Value. 

CHAPTER 4. Time Value. 

PART THREE. Modeling Interest Rates.

CHAPTER 5. Implied Spot and Forward Rates. 

CHAPTER 6. Beyond the Lognormal Model. 

CHAPTER 7. Volatility and the Binomial Tree. 

CHAPTER 8. Matching the Model to the Market. 

PART FOUR. Measuring the Spread. 

CHAPTER 9. Bullet Bonds. 

CHAPTER 10. Nonbullet Bonds. 

PART FIVE. Applications of OAS Analysis. 

CHAPTER 11. Evaluating Performance. 

CHAPTER 12. Estimating Fair Value.

Glossary.
Index.