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I only just noticed this two-week-old press release from the Investment Industry Association of Canada, but it’s a good one and long overdue!

Setting out the practices and formulas currently used for the calculation of prices, interest payments and yields on securities traded in the Canadian fixed income markets, the publication is a single comprehensive reference of conventions commonly used for bond valuations in Canada. It is available for free on http://www.iiac.ca.

Those who have suffered through endlessly repetitive disputes about the difference between “Annualized Internal Rate of Return” and “Yield to Maturity” in the posts Modified Duration and Yield from On-Line Calculator will be highly relieved to find an authoritative source for the conventions!

This entry was posted on Tuesday, December 4th, 2007 at 7:25 pm and is filed under Interesting External Papers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.