Agent skill · business finance · anthropics
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.
Why this skill is useful
Provides domain-specific knowledge on bond pricing and analysis workflows that the AI wouldn't reliably generate on its own.
What it needs
About 2k tokens when loaded. Last updated 2026-08-04. 34,059 stars on the source repository.
What this skill does
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 bondprice — Price bonds. Returns clean/dirty price, yield, duration, convexity, DV01, Z-spread. Accepts ISIN, RIC, or CUSIP. interestratecurve — Government and swap yield curves. Two-phase: list then calculate. Use to compute G-spreads. creditcurve — Credit spread curves by issuer type. Two-phase: search by country/issuerType, then calculate. Use to isolate credit component. yieldbookscenario — Scenario analysis with parallel rate shifts. Returns price change and P&L under each scenario. tscchistoricalpricingsummaries — Historical pricing data. Use for historical spread context and Z-score analysis. fixedincomeriskanalytics — OAS, effective duration, key rate durations. Use for callable bonds and deeper risk decomposition. Tool Chaining Workflow 1. Price the Bond(s): Call bondprice for target and any comparison bonds. Extract yield, Z-spread, duration, convexity, DV01. 2. Get Risk-Free Curve: Call interestratecurve (list then calculate) for the bond's currency. Interpolate at bond maturity to compute G-spread. 3. Get Credit Curve: Call creditcurve for the issuer's country and type. Extract credit spread at the bond's maturity. Compute residual spread = G-spread minus credit curve spread. 4. …
How to use it
Reference it in AdaL, Claude Code, Cursor or any coding agent — nothing to install:
@skills anthropics/bond-relative-value