Thanks, folks. Got it.

What is the calc therefore ? Lets say you have a 2 yr bullet on a name trading at 500 bps. 2 yr rate is 3%. What is the CS01 and PV01 ?

What is the EXACT difference between CS01 and PV01, please, for a corporate bond ? Is it fair to say that when calculating PV01, you shock the entire Term Structure by 1 bps and calculate the per unit change ? While calculating CS01, what would you do different ? Mohit