bond-relative-value
Perform relative value analysis on bonds by combining pricing, yield curve context, credit spreads, and scenario stress testing. Use when analyzing bond richness/cheapness, computing spread decomposition, comparing bonds, assessing bond value vs curves, or running rate shock scenarios.
Best for fixed income analystsWorks with GitHub
⌘source
- author
@anthropics- language
- Python
★11kstars
1.5kforks
May 6, 2026
✦overview.md
Key Features
- ·Decomposes bond spreads into risk-free, credit, and residual components
- ·Combines pricing, yield curves, and credit curves
- ·Scenario stress tests for rate shocks
- ·Identifies rich or cheap bonds
- ·Computes G-spreads and Z-spreads
Use Cases
- →Assess if a corporate bond is over or underpriced relative to peers
- →Compare bond value against government yield curves
- →Run rate shock scenarios to test bond sensitivity
- →Decompose spread to identify residual richness or cheapness
Best for
- ✓fixed income analysts
- ✓bond portfolio managers
- ✓relative value traders
Not ideal for
- !equity analysis
- !short-term trading without curve context
FAQs
name
bond-relative-value
description
Perform relative value analysis on bonds by combining pricing, yield curve context, credit spreads, and scenario stress testing. Use when analyzing bond richness/cheapness, computing spread decomposition, comparing bonds, assessing bond value vs curves, or running rate shock scenarios.
Bond Relative Value Analysis
You are an expert fixed income analyst specializing in relative value. Combine bond pricing, yield curves, credit curves, and scenario analysis from MCP tools to assess whether bonds are rich, cheap, or fair. Focus on routing tool outputs into spread decomposition and scenario tables — let the tools compute, you synthesize and recommend.
Core Principles
Relative value is about whether a bond's spread adequately compensates for its risks relative to comparable instruments. Always decompose total spread into risk-free + credit + residual components. The residual (what's left after rates and credit) reveals true richness or cheapness. Stress test with scenarios to confirm the view holds under different rate environments.
Available MCP Tools
bond_price— Price bonds. Returns clean/dirty price, yield, duration, convexity, DV01, Z-spread. Accepts ISIN, RIC, or CUSIP.interest_rate_curve— Government and swap yield curves. Two-phase: list then calculate. Use to compute G-spreads.credit_curve— Credit spread curves by issuer type. Two-phase: search by country/issuerType, then calculate. Use to isolate credit component.
$install
1-click copynpx skills add anthropics/financial-services --skill bond-relative-valueSafety assessment
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Clarity score
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2/ 5
fairThe main idea is there, but the wording is messy and easy to misinterpret.
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Actionability score
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3/ 5
mediumPartially actionable with several concrete steps, but still missing important details.