wilmott.com

HiThis is my first post. On the NW pages on Bloomberg I have a page with a few bond market graphs on it, so I can see what the market is doing at a glance. I wanted to display a graph of the credit spread over treasuries of US high yield issues. I would normally try and use the H0A0 index from ML, however I cant find a way of putting a 'credit spread' ticker for this into the NW graph. I dont think there is a 'spread' ticker for this index. Lehman have an OAS index for this market, but I dont have access to the content. Is there any way of getting round this please?Thanks very much.Rob

have you asked BBG's analytics team??

yeah, they didnt have an answer, so it may be that there isnt a freely available ticker, which would be pretty surprising.

HiI think you can't use ML indices for your purpose because there isn't a BBG ticker for their OAS.Lehman Indices have this kind of ticker. For example Lehman U.S. High Yield 3% issuer cap has a corresponding total return value's index ticker: LF90TRUU and a Average OAS' index BBG ticker LF90OAS.Anyway I don't think it's so difficult to gain access to this information via Bloomberg if you're working in a bank. Just type LEHM go and call one of the number shown in Contacts session to ask for the access to their indices via Bloomberg.I you're not able to gain access I can suggest you to compare your bonds versus ITRAXX indices, among them you can select the ITRAXX index best represent US HY Securities. Another solution could be to select within the constituents of your MLIL H0A0 the instruments which are most representetive for you because of their maturity, amount outstanding rather then weight in the index itself and compare their spread to the benchmark bond for US treasury by using the following BBG function:Ticker of HY Bond Corp Ticker of BMK US treasury Govt HS.The last suggestion is to upload all the index members of MLIL H0A0 index into NW and ask for OAS rather then asset swap.Hope this can helpChiara

HYDL <GO> is the best source for spread characteristics. There isnt a OAS ticker per se for the Merrill indices.