In this week’s release, RiskVal enhanced the When Issued Creator for traders to create and analyze the WI 20Y using any bond as the benchmark, such as the 30-year off-the-run, T 4.625 Feb-15-2040
To further enhance modeling up a more realistic 20-year WI bond, RiskVal has made an enhancement to the WI Creator to allow the benchmark to be any off-the-run bond. The trader can create a more real WI based on the bond that has the closest maturity if 20 years, rather than basing it off the 10-year CT.
Creating the 20-year WI:
Click on “New”
In the pop-up, check on “Show All”, then in the dropdown any bond can be selected to be the benchmark
Adjust the details for the 20-year WI accordingly by setting the Maturity Date. RiskVal will automatically set the Interest Accrue & Issue Date.
