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What's the difference between "Group", "Deal", "Tranche" and "Bucket" in structured finance?

Does Bionic Turtle have an official Discord server? If not, could we start one? It's a great platform and I would be very interested and engaged if I were able to conduct weekly study sessions over voice/video share Thanks

Is the reason that the dirty price on the settlement date is greater than the dirty price on the current date due to the pull to par effect?

Seeing this listed as P[F(0, 10, 1)] makes me realize I'm not thinking of this clearly. Thanks, big help I think a more simple framework is to think of forward rates as P[F(10, 1)] and keep it in this context

@David Harper CFA FRM thanks. Rethinking this problem, let me rephrase it into something much more simple. Let's assume: P(10) > P(F(10,1)) Under this assumption, the forward rate curve is upwards sloping. Why wouldn't the market buy the forward rate contract and offset the additional yield?

Hi @lushukai - Thanks for getting back to me. "Are you asking how well the forward rates predict the actual rate later?" No, I am not. Like I said above, today's forward rates are poor predictors of realized forward rates. "I don't quite understand what you mean by "rally" in rates." When...

Hi - New to the forum, so not entirely certain of the format here. I have a question: Forward interest rates are indicative of the market's expectation. They are weak predictors of the future, but they tell us an idea of how the market feels about interest rates in the future. If I have a 10...

In this scenario, both the Z-Spread and the OAS should increase. They'll only differ once the interest rate volatility changes. Think of it this way: 1. The Z-Spread is a single forward interest rate path in which cashflows are projected 2. The OAS is an average of 250+ forward interest rate...