FixedBondAPI.java
package org.drip.service.product;
/*
* -*- mode: java; tab-width: 4; indent-tabs-mode: nil; c-basic-offset: 4 -*-
*/
/*!
* Copyright (C) 2020 Lakshmi Krishnamurthy
* Copyright (C) 2019 Lakshmi Krishnamurthy
* Copyright (C) 2018 Lakshmi Krishnamurthy
* Copyright (C) 2017 Lakshmi Krishnamurthy
* Copyright (C) 2016 Lakshmi Krishnamurthy
*
* This file is part of DROP, an open-source library targeting analytics/risk, transaction cost analytics,
* asset liability management analytics, capital, exposure, and margin analytics, valuation adjustment
* analytics, and portfolio construction analytics within and across fixed income, credit, commodity,
* equity, FX, and structured products. It also includes auxiliary libraries for algorithm support,
* numerical analysis, numerical optimization, spline builder, model validation, statistical learning,
* and computational support.
*
* https://lakshmidrip.github.io/DROP/
*
* DROP is composed of three modules:
*
* - DROP Product Core - https://lakshmidrip.github.io/DROP-Product-Core/
* - DROP Portfolio Core - https://lakshmidrip.github.io/DROP-Portfolio-Core/
* - DROP Computational Core - https://lakshmidrip.github.io/DROP-Computational-Core/
*
* DROP Product Core implements libraries for the following:
* - Fixed Income Analytics
* - Loan Analytics
* - Transaction Cost Analytics
*
* DROP Portfolio Core implements libraries for the following:
* - Asset Allocation Analytics
* - Asset Liability Management Analytics
* - Capital Estimation Analytics
* - Exposure Analytics
* - Margin Analytics
* - XVA Analytics
*
* DROP Computational Core implements libraries for the following:
* - Algorithm Support
* - Computation Support
* - Function Analysis
* - Model Validation
* - Numerical Analysis
* - Numerical Optimizer
* - Spline Builder
* - Statistical Learning
*
* Documentation for DROP is Spread Over:
*
* - Main => https://lakshmidrip.github.io/DROP/
* - Wiki => https://github.com/lakshmiDRIP/DROP/wiki
* - GitHub => https://github.com/lakshmiDRIP/DROP
* - Repo Layout Taxonomy => https://github.com/lakshmiDRIP/DROP/blob/master/Taxonomy.md
* - Javadoc => https://lakshmidrip.github.io/DROP/Javadoc/index.html
* - Technical Specifications => https://github.com/lakshmiDRIP/DROP/tree/master/Docs/Internal
* - Release Versions => https://lakshmidrip.github.io/DROP/version.html
* - Community Credits => https://lakshmidrip.github.io/DROP/credits.html
* - Issues Catalog => https://github.com/lakshmiDRIP/DROP/issues
* - JUnit => https://lakshmidrip.github.io/DROP/junit/index.html
* - Jacoco => https://lakshmidrip.github.io/DROP/jacoco/index.html
*
* Licensed under the Apache License, Version 2.0 (the "License");
* you may not use this file except in compliance with the License.
*
* You may obtain a copy of the License at
* http://www.apache.org/licenses/LICENSE-2.0
*
* Unless required by applicable law or agreed to in writing, software
* distributed under the License is distributed on an "AS IS" BASIS,
* WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
*
* See the License for the specific language governing permissions and
* limitations under the License.
*/
/**
* <i>FixedBondAPI</i> demonstrates the Details behind the Pricing and the Scenario Runs behind a Fixed Bond.
*
* <br><br>
* <ul>
* <li><b>Module </b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/ComputationalCore.md">Computational Core Module</a></li>
* <li><b>Library</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/ComputationSupportLibrary.md">Computation Support</a></li>
* <li><b>Project</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/src/main/java/org/drip/service/README.md">Environment, Product/Definition Containers, and Scenario/State Manipulation APIs</a></li>
* <li><b>Package</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/src/main/java/org/drip/service/product/README.md">Product Horizon PnL Attribution Decomposition</a></li>
* </ul>
* <br><br>
*
* @author Lakshmi Krishnamurthy
*/
public class FixedBondAPI {
/**
* Generate a Full Map Invocation of the Bond Valuation Run
*
* @param strIssuerName Bond Issuer Name
* @param iBondEffectiveDate Bond Effective Date
* @param iBondMaturityDate Bond Maturity Date
* @param dblBondCoupon Bond Coupon
* @param iBondCouponFrequency Bond Coupon Frequency
* @param strBondCouponDayCount Bond Coupon Day Count
* @param strBondCouponCurrency Bond Coupon Currency
* @param iSpotDate Spot Date
* @param astrFundingCurveDepositTenor Deposit Instruments Tenor (for Funding Curve)
* @param adblFundingCurveDepositQuote Deposit Instruments Quote (for Funding Curve)
* @param strFundingCurveDepositMeasure Deposit Instruments Measure (for Funding Curve)
* @param adblFundingCurveFuturesQuote Futures Instruments Tenor (for Funding Curve)
* @param strFundingCurveFuturesMeasure Futures Instruments Measure (for Funding Curve)
* @param astrFundingCurveFixFloatTenor Fix-Float Instruments Tenor (for Funding Curve)
* @param adblFundingCurveFixFloatQuote Fix-Float Instruments Quote (for Funding Curve)
* @param strFundingFixFloatMeasure Fix-Float Instruments Tenor (for Funding Curve)
* @param strGovvieCode Govvie Bond Code (for Treasury Curve)
* @param aiGovvieCurveTreasuryEffectiveDate Array of the Treasury Instrument Effective Date (for Treasury
* Curve)
* @param aiGovvieCurveTreasuryMaturityDate Array of the Treasury Instrument Maturity Date (for Treasury
* Curve)
* @param adblGovvieCurveTreasuryCoupon Array of the Treasury Instrument Coupon (for Treasury Curve)
* @param adblGovvieCurveTreasuryYield Array of the Treasury Instrument Yield (for Treasury Curve)
* @param strGovvieCurveTreasuryMeasure Treasury Instrument Measure (for Treasury Curve)
* @param strCreditCurveName Credit Curve Name (for Credit Curve)
* @param astrCreditCurveCDSTenor CDS Maturity Tenor (for Credit Curve)
* @param adblCreditCurveCDSCoupon Array of CDS Fixed Coupon (for Credit Curve)
* @param adblCreditCurveCDSQuote Array of CDS Market Quotes (for Credit Curve)
* @param strCreditCurveCDSMeasure CDS Calibration Measure (for Credit Curve)
* @param strBondMarketQuoteName Name of the Bond Market Quote
* @param dblBondMarketQuote Bond Market Quote Value
*
* @return The Output Measure Map
*/
public static final java.util.Map<java.lang.String, java.lang.Double> ValuationMetrics (
final java.lang.String strIssuerName,
final int iBondEffectiveDate,
final int iBondMaturityDate,
final double dblBondCoupon,
final int iBondCouponFrequency,
final java.lang.String strBondCouponDayCount,
final java.lang.String strBondCouponCurrency,
final int iSpotDate,
final java.lang.String[] astrFundingCurveDepositTenor,
final double[] adblFundingCurveDepositQuote,
final java.lang.String strFundingCurveDepositMeasure,
final double[] adblFundingCurveFuturesQuote,
final java.lang.String strFundingCurveFuturesMeasure,
final java.lang.String[] astrFundingCurveFixFloatTenor,
final double[] adblFundingCurveFixFloatQuote,
final java.lang.String strFundingFixFloatMeasure,
final java.lang.String strGovvieCode,
final int[] aiGovvieCurveTreasuryEffectiveDate,
final int[] aiGovvieCurveTreasuryMaturityDate,
final double[] adblGovvieCurveTreasuryCoupon,
final double[] adblGovvieCurveTreasuryYield,
final java.lang.String strGovvieCurveTreasuryMeasure,
final java.lang.String strCreditCurveName,
final java.lang.String[] astrCreditCurveCDSTenor,
final double[] adblCreditCurveCDSCoupon,
final double[] adblCreditCurveCDSQuote,
final java.lang.String strCreditCurveCDSMeasure,
final java.lang.String strBondMarketQuoteName,
final double dblBondMarketQuote)
{
org.drip.analytics.date.JulianDate dtSpot = null;
org.drip.analytics.date.JulianDate dtMaturity = null;
org.drip.analytics.date.JulianDate dtEffective = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryMaturity = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryEffective = null;
int iNumGovvieCurveMaturity = null == aiGovvieCurveTreasuryMaturityDate ? 0 :
aiGovvieCurveTreasuryMaturityDate.length;
int iNumGovvieCurveEffective = null == aiGovvieCurveTreasuryEffectiveDate ? 0 :
aiGovvieCurveTreasuryEffectiveDate.length;
java.lang.String[] astrTreasuryBenchmarkCode = new java.lang.String[] {"01YON", "02YON", "03YON",
"05YON", "07YON", "10YON", "30YON"};
int iNumTreasuryBenchmark = astrTreasuryBenchmarkCode.length;
if (0 != iNumGovvieCurveMaturity)
adtGovvieCurveTreasuryMaturity = new org.drip.analytics.date.JulianDate[iNumGovvieCurveMaturity];
if (0 != iNumGovvieCurveEffective)
adtGovvieCurveTreasuryEffective = new
org.drip.analytics.date.JulianDate[iNumGovvieCurveEffective];
org.drip.param.market.CurveSurfaceQuoteContainer csqc = new
org.drip.param.market.CurveSurfaceQuoteContainer();
try {
dtSpot = new org.drip.analytics.date.JulianDate (iSpotDate);
dtMaturity = new org.drip.analytics.date.JulianDate (iBondMaturityDate);
dtEffective = new org.drip.analytics.date.JulianDate (iBondEffectiveDate);
for (int i = 0; i < iNumGovvieCurveMaturity; ++i)
adtGovvieCurveTreasuryMaturity[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryMaturityDate[i]);
for (int i = 0; i < iNumGovvieCurveEffective; ++i)
adtGovvieCurveTreasuryEffective[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryEffectiveDate[i]);
if (null != adblGovvieCurveTreasuryYield && adblGovvieCurveTreasuryYield.length ==
iNumTreasuryBenchmark) {
for (int i = 0; i < iNumTreasuryBenchmark; ++i) {
org.drip.param.quote.ProductMultiMeasure pmm = new
org.drip.param.quote.ProductMultiMeasure();
pmm.addQuote ("Yield", new org.drip.param.quote.MultiSided ("mid",
adblGovvieCurveTreasuryYield[i]), true);
if (!csqc.setProductQuote (astrTreasuryBenchmarkCode[i], pmm)) return null;
}
}
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.product.credit.BondComponent bond = org.drip.product.creator.BondBuilder.CreateSimpleFixed
(strIssuerName + " " + org.drip.numerical.common.FormatUtil.FormatDouble (dblBondCoupon, 1, 4, 100.)
+ " " + dtMaturity, strBondCouponCurrency, strIssuerName, dblBondCoupon,
iBondCouponFrequency, strBondCouponDayCount, dtEffective, dtMaturity, null, null);
if (null == bond) return null;
org.drip.param.quote.ProductMultiMeasure pmm = new org.drip.param.quote.ProductMultiMeasure();
try {
pmm.addQuote (strBondMarketQuoteName, new org.drip.param.quote.MultiSided ("mid",
dblBondMarketQuote), true);
} catch (java.lang.Exception e) {
}
csqc.setProductQuote (bond.name(), pmm);
org.drip.state.discount.MergedDiscountForwardCurve dcFunding =
org.drip.service.template.LatentMarketStateBuilder.SmoothFundingCurve (dtSpot,
strBondCouponCurrency, astrFundingCurveDepositTenor, adblFundingCurveDepositQuote,
strFundingCurveDepositMeasure, adblFundingCurveFuturesQuote,
strFundingCurveFuturesMeasure, astrFundingCurveFixFloatTenor,
adblFundingCurveFixFloatQuote, strFundingFixFloatMeasure);
csqc.setFundingState (dcFunding);
csqc.setGovvieState (org.drip.service.template.LatentMarketStateBuilder.ShapePreservingGovvieCurve
(strGovvieCode, dtSpot, adtGovvieCurveTreasuryEffective, adtGovvieCurveTreasuryMaturity,
adblGovvieCurveTreasuryCoupon, adblGovvieCurveTreasuryYield, strGovvieCurveTreasuryMeasure));
csqc.setCreditState (org.drip.service.template.LatentMarketStateBuilder.CreditCurve (dtSpot,
strCreditCurveName, astrCreditCurveCDSTenor, adblCreditCurveCDSCoupon, adblCreditCurveCDSQuote,
strCreditCurveCDSMeasure, dcFunding));
return bond.value (org.drip.param.valuation.ValuationParams.Spot (iSpotDate), null, csqc, null);
}
/**
* Generate the Treasury Curve Tenor Key Rate Sensitivity/Duration
*
* @param strIssuerName Bond Issuer Name
* @param iBondEffectiveDate Bond Effective Date
* @param iBondMaturityDate Bond Maturity Date
* @param dblBondCoupon Bond Coupon
* @param iBondCouponFrequency Bond Coupon Frequency
* @param strBondCouponDayCount Bond Coupon Day Count
* @param strBondCouponCurrency Bond Coupon Currency
* @param iSpotDate Spot Date
* @param strGovvieCode Govvie Bond Code (for Treasury Curve)
* @param aiGovvieCurveTreasuryEffectiveDate Array of the Treasury Instrument Effective Date (for Treasury
* Curve)
* @param aiGovvieCurveTreasuryMaturityDate Array of the Treasury Instrument Maturity Date (for Treasury
* Curve)
* @param adblGovvieCurveTreasuryCoupon Array of the Treasury Instrument Coupon (for Treasury Curve)
* @param adblGovvieCurveTreasuryYield Array of the Treasury Instrument Yield (for Treasury Curve)
* @param strGovvieCurveTreasuryMeasure Treasury Instrument Measure (for Govvie Curve)
* @param dblBondMarketCleanPrice Bond Market Clean Price
*
* @return The Treasury Curve Tenor Sensitivity/Duration
*/
public static final java.util.Map<java.lang.String, java.lang.Double> KeyRateDuration (
final java.lang.String strIssuerName,
final int iBondEffectiveDate,
final int iBondMaturityDate,
final double dblBondCoupon,
final int iBondCouponFrequency,
final java.lang.String strBondCouponDayCount,
final java.lang.String strBondCouponCurrency,
final int iSpotDate,
final java.lang.String strGovvieCode,
final int[] aiGovvieCurveTreasuryEffectiveDate,
final int[] aiGovvieCurveTreasuryMaturityDate,
final double[] adblGovvieCurveTreasuryCoupon,
final double[] adblGovvieCurveTreasuryYield,
final java.lang.String strGovvieCurveTreasuryMeasure,
final double dblBondMarketCleanPrice)
{
double dblBaselineOAS = java.lang.Double.NaN;
org.drip.analytics.date.JulianDate dtSpot = null;
org.drip.analytics.date.JulianDate dtMaturity = null;
org.drip.analytics.date.JulianDate dtEffective = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryMaturity = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryEffective = null;
int iNumGovvieCurveMaturity = null == aiGovvieCurveTreasuryMaturityDate ? 0 :
aiGovvieCurveTreasuryMaturityDate.length;
int iNumGovvieCurveEffective = null == aiGovvieCurveTreasuryEffectiveDate ? 0 :
aiGovvieCurveTreasuryEffectiveDate.length;
java.lang.String[] astrTreasuryBenchmarkCode = new java.lang.String[] {"01YON", "02YON", "03YON",
"05YON", "07YON", "10YON", "30YON"};
int iNumTreasuryBenchmark = astrTreasuryBenchmarkCode.length;
if (0 != iNumGovvieCurveMaturity)
adtGovvieCurveTreasuryMaturity = new org.drip.analytics.date.JulianDate[iNumGovvieCurveMaturity];
if (0 != iNumGovvieCurveEffective)
adtGovvieCurveTreasuryEffective = new
org.drip.analytics.date.JulianDate[iNumGovvieCurveEffective];
org.drip.param.market.CurveSurfaceQuoteContainer csqc = new
org.drip.param.market.CurveSurfaceQuoteContainer();
try {
dtSpot = new org.drip.analytics.date.JulianDate (iSpotDate);
dtMaturity = new org.drip.analytics.date.JulianDate (iBondMaturityDate);
dtEffective = new org.drip.analytics.date.JulianDate (iBondEffectiveDate);
for (int i = 0; i < iNumGovvieCurveMaturity; ++i)
adtGovvieCurveTreasuryMaturity[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryMaturityDate[i]);
for (int i = 0; i < iNumGovvieCurveEffective; ++i)
adtGovvieCurveTreasuryEffective[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryEffectiveDate[i]);
if (null != adblGovvieCurveTreasuryYield && adblGovvieCurveTreasuryYield.length ==
iNumTreasuryBenchmark) {
for (int i = 0; i < iNumTreasuryBenchmark; ++i) {
org.drip.param.quote.ProductMultiMeasure pmm = new
org.drip.param.quote.ProductMultiMeasure();
pmm.addQuote ("Yield", new org.drip.param.quote.MultiSided ("mid",
adblGovvieCurveTreasuryYield[i]), true);
if (!csqc.setProductQuote (astrTreasuryBenchmarkCode[i], pmm)) return null;
}
}
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.product.credit.BondComponent bond = org.drip.product.creator.BondBuilder.CreateSimpleFixed
(strIssuerName + " " + org.drip.numerical.common.FormatUtil.FormatDouble (dblBondCoupon, 1, 4, 100.)
+ " " + dtMaturity, strBondCouponCurrency, strIssuerName, dblBondCoupon,
iBondCouponFrequency, strBondCouponDayCount, dtEffective, dtMaturity, null, null);
if (null == bond) return null;
org.drip.param.quote.ProductMultiMeasure pmm = new org.drip.param.quote.ProductMultiMeasure();
try {
pmm.addQuote ("Price", new org.drip.param.quote.MultiSided ("mid", dblBondMarketCleanPrice),
true);
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
csqc.setProductQuote (bond.name(), pmm);
org.drip.state.govvie.GovvieCurve gc =
org.drip.service.template.LatentMarketStateBuilder.ShapePreservingGovvieCurve (strGovvieCode,
dtSpot, adtGovvieCurveTreasuryEffective, adtGovvieCurveTreasuryMaturity,
adblGovvieCurveTreasuryCoupon, adblGovvieCurveTreasuryYield,
strGovvieCurveTreasuryMeasure);
csqc.setGovvieState (gc);
org.drip.param.valuation.ValuationParams valParams = org.drip.param.valuation.ValuationParams.Spot
(iSpotDate);
try {
if (!org.drip.numerical.common.NumberUtil.IsValid (dblBaselineOAS = bond.oasFromPrice (valParams,
csqc, null, dblBondMarketCleanPrice)))
return null;
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.govvie.GovvieCurve>
mapTenorGovvieCurve = org.drip.service.template.LatentMarketStateBuilder.BumpedGovvieCurve
(strGovvieCode, dtSpot, adtGovvieCurveTreasuryEffective, adtGovvieCurveTreasuryMaturity,
adblGovvieCurveTreasuryCoupon, adblGovvieCurveTreasuryYield,
strGovvieCurveTreasuryMeasure,
org.drip.service.template.LatentMarketStateBuilder.SHAPE_PRESERVING, 0.0001,
false);
if (null == mapTenorGovvieCurve || iNumTreasuryBenchmark > mapTenorGovvieCurve.size()) return null;
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapKeyRateDuration = new
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double>();
for (java.util.Map.Entry<java.lang.String, org.drip.state.govvie.GovvieCurve> me :
mapTenorGovvieCurve.entrySet()) {
java.lang.String strKey = me.getKey();
if (!strKey.contains ("tsy")) continue;
if (!csqc.setGovvieState (me.getValue())) return null;
try {
mapKeyRateDuration.put (strKey, 10000. * (bond.priceFromOAS (valParams, csqc, null,
dblBaselineOAS) - dblBondMarketCleanPrice) / dblBondMarketCleanPrice);
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
}
return mapKeyRateDuration;
}
/**
* Returns Attribution for the Specified Bond Instance
*
* @param strIssuerName Bond Issuer Name
* @param iBondEffectiveDate Bond Effective Date
* @param iBondMaturityDate Bond Maturity Date
* @param dblBondCoupon Bond Coupon
* @param iBondCouponFrequency Bond Coupon Frequency
* @param strBondCouponDayCount Bond Coupon Day Count
* @param strBondCouponCurrency Bond Coupon Currency
* @param adtSpot Array of Spot Dates
* @param adblCleanPrice Array of Closing Clean Prices
*
* @return List of the Position Change Components
*/
public static final java.util.List<org.drip.historical.attribution.PositionChangeComponents>
HorizonChangeAttribution (
final java.lang.String strIssuerName,
final int iBondEffectiveDate,
final int iBondMaturityDate,
final double dblBondCoupon,
final int iBondCouponFrequency,
final java.lang.String strBondCouponDayCount,
final java.lang.String strBondCouponCurrency,
final org.drip.analytics.date.JulianDate[] adtSpot,
final double[] adblCleanPrice)
{
org.drip.analytics.date.JulianDate dtMaturity = null;
org.drip.analytics.date.JulianDate dtEffective = null;
try {
dtMaturity = new org.drip.analytics.date.JulianDate (iBondMaturityDate);
dtEffective = new org.drip.analytics.date.JulianDate (iBondEffectiveDate);
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.product.credit.BondComponent bond = org.drip.product.creator.BondBuilder.CreateSimpleFixed
(strIssuerName + " " + org.drip.numerical.common.FormatUtil.FormatDouble (dblBondCoupon, 1, 4, 100.)
+ " " + dtMaturity, strBondCouponCurrency, strIssuerName, dblBondCoupon,
iBondCouponFrequency, strBondCouponDayCount, dtEffective, dtMaturity, null, null);
if (null == bond || null == adtSpot || null == adblCleanPrice) return null;
int iNumCloses = adtSpot.length;
int[] aiSpotDate = new int[iNumCloses];
double[] adblYield = new double[iNumCloses];
double[] adblDirtyPrice = new double[iNumCloses];
double[] adblModifiedDuration = new double[iNumCloses];
if (1 >= iNumCloses || iNumCloses != adblCleanPrice.length) return null;
for (int i = 0; i < iNumCloses; ++i) {
org.drip.param.valuation.ValuationParams valParamsSpot =
org.drip.param.valuation.ValuationParams.Spot (aiSpotDate[i] = adtSpot[i].julian());
try {
if (!org.drip.numerical.common.NumberUtil.IsValid (adblYield[i] = bond.yieldFromPrice
(valParamsSpot, null, null, adblCleanPrice[i])))
return null;
if (!org.drip.numerical.common.NumberUtil.IsValid (adblModifiedDuration[i] =
bond.modifiedDurationFromPrice (valParamsSpot, null, null, adblCleanPrice[i])))
return null;
if (!org.drip.numerical.common.NumberUtil.IsValid (adblDirtyPrice[i] = adblCleanPrice[i] +
bond.accrued (aiSpotDate[i], null)))
return null;
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
}
java.util.List<org.drip.historical.attribution.PositionChangeComponents> lsPCC = new
java.util.ArrayList<org.drip.historical.attribution.PositionChangeComponents>();
for (int i = 1; i < iNumCloses; ++i) {
try {
org.drip.historical.attribution.BondMarketSnap bpms1 = new
org.drip.historical.attribution.BondMarketSnap (adtSpot[i - 1],
adblCleanPrice[i - 1]);
if (!bpms1.setYieldMarketFactor (adblYield[i - 1], -1. * adblDirtyPrice[i - 1] *
adblModifiedDuration[i - 1], 0.))
return null;
org.drip.historical.attribution.BondMarketSnap bpms2 = new
org.drip.historical.attribution.BondMarketSnap (adtSpot[i], adblCleanPrice[i]);
if (!bpms2.setYieldMarketFactor (adblYield[i], -1. * adblDirtyPrice[i] *
adblModifiedDuration[i], 0.))
return null;
lsPCC.add (new org.drip.historical.attribution.PositionChangeComponents (false, bpms1, bpms2,
org.drip.analytics.daycount.Convention.YearFraction (aiSpotDate[i - 1],
aiSpotDate[i], strBondCouponDayCount, false, null, strBondCouponCurrency), null));
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
}
return lsPCC;
}
/**
* Generate the Relative Value Metrics for the Specified Bond
*
* @param strIssuerName Bond Issuer Name
* @param iBondEffectiveDate Bond Effective Date
* @param iBondMaturityDate Bond Maturity Date
* @param dblBondCoupon Bond Coupon
* @param iBondCouponFrequency Bond Coupon Frequency
* @param strBondCouponDayCount Bond Coupon Day Count
* @param strBondCouponCurrency Bond Coupon Currency
* @param iSpotDate Spot Date
* @param astrFundingCurveDepositTenor Deposit Instruments Tenor (for Funding Curve)
* @param adblFundingCurveDepositQuote Deposit Instruments Quote (for Funding Curve)
* @param strFundingCurveDepositMeasure Deposit Instruments Measure (for Funding Curve)
* @param adblFundingCurveFuturesQuote Futures Instruments Tenor (for Funding Curve)
* @param strFundingCurveFuturesMeasure Futures Instruments Measure (for Funding Curve)
* @param astrFundingCurveFixFloatTenor Fix-Float Instruments Tenor (for Funding Curve)
* @param adblFundingCurveFixFloatQuote Fix-Float Instruments Quote (for Funding Curve)
* @param strFundingFixFloatMeasure Fix-Float Instruments Tenor (for Funding Curve)
* @param strGovvieCode Govvie Bond Code (for Treasury Curve)
* @param aiGovvieCurveTreasuryEffectiveDate Array of the Treasury Instrument Effective Date (for Treasury
* Curve)
* @param aiGovvieCurveTreasuryMaturityDate Array of the Treasury Instrument Maturity Date (for Treasury
* Curve)
* @param adblGovvieCurveTreasuryCoupon Array of the Treasury Instrument Coupon (for Treasury Curve)
* @param adblGovvieCurveTreasuryYield Array of the Treasury Instrument Yield (for Treasury Curve)
* @param strGovvieCurveTreasuryMeasure Treasury Instrument Measure (for Treasury Curve)
* @param strCreditCurveName Credit Curve Name (for Credit Curve)
* @param astrCreditCurveCDSTenor CDS Maturity Tenor (for Credit Curve)
* @param adblCreditCurveCDSCoupon Array of CDS Fixed Coupon (for Credit Curve)
* @param adblCreditCurveCDSQuote Array of CDS Market Quotes (for Credit Curve)
* @param strCreditCurveCDSMeasure CDS Calibration Measure (for Credit Curve)
* @param dblBondMarketCleanPrice Bond Market Clean Price
*
* @return The Relative Value Metrics
*/
public static final org.drip.analytics.output.BondRVMeasures RelativeValueMetrics (
final java.lang.String strIssuerName,
final int iBondEffectiveDate,
final int iBondMaturityDate,
final double dblBondCoupon,
final int iBondCouponFrequency,
final java.lang.String strBondCouponDayCount,
final java.lang.String strBondCouponCurrency,
final int iSpotDate,
final java.lang.String[] astrFundingCurveDepositTenor,
final double[] adblFundingCurveDepositQuote,
final java.lang.String strFundingCurveDepositMeasure,
final double[] adblFundingCurveFuturesQuote,
final java.lang.String strFundingCurveFuturesMeasure,
final java.lang.String[] astrFundingCurveFixFloatTenor,
final double[] adblFundingCurveFixFloatQuote,
final java.lang.String strFundingFixFloatMeasure,
final java.lang.String strGovvieCode,
final int[] aiGovvieCurveTreasuryEffectiveDate,
final int[] aiGovvieCurveTreasuryMaturityDate,
final double[] adblGovvieCurveTreasuryCoupon,
final double[] adblGovvieCurveTreasuryYield,
final java.lang.String strGovvieCurveTreasuryMeasure,
final java.lang.String strCreditCurveName,
final java.lang.String[] astrCreditCurveCDSTenor,
final double[] adblCreditCurveCDSCoupon,
final double[] adblCreditCurveCDSQuote,
final java.lang.String strCreditCurveCDSMeasure,
final double dblBondMarketCleanPrice)
{
org.drip.analytics.date.JulianDate dtSpot = null;
org.drip.analytics.date.JulianDate dtMaturity = null;
org.drip.analytics.date.JulianDate dtEffective = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryMaturity = null;
org.drip.analytics.date.JulianDate[] adtGovvieCurveTreasuryEffective = null;
int iNumGovvieCurveMaturity = null == aiGovvieCurveTreasuryMaturityDate ? 0 :
aiGovvieCurveTreasuryMaturityDate.length;
int iNumGovvieCurveEffective = null == aiGovvieCurveTreasuryEffectiveDate ? 0 :
aiGovvieCurveTreasuryEffectiveDate.length;
java.lang.String[] astrTreasuryBenchmarkCode = new java.lang.String[] {"01YON", "02YON", "03YON",
"05YON", "07YON", "10YON", "30YON"};
int iNumTreasuryBenchmark = astrTreasuryBenchmarkCode.length;
if (0 != iNumGovvieCurveMaturity)
adtGovvieCurveTreasuryMaturity = new org.drip.analytics.date.JulianDate[iNumGovvieCurveMaturity];
if (0 != iNumGovvieCurveEffective)
adtGovvieCurveTreasuryEffective = new
org.drip.analytics.date.JulianDate[iNumGovvieCurveEffective];
org.drip.param.market.CurveSurfaceQuoteContainer csqc = new
org.drip.param.market.CurveSurfaceQuoteContainer();
try {
dtSpot = new org.drip.analytics.date.JulianDate (iSpotDate);
dtMaturity = new org.drip.analytics.date.JulianDate (iBondMaturityDate);
dtEffective = new org.drip.analytics.date.JulianDate (iBondEffectiveDate);
for (int i = 0; i < iNumGovvieCurveMaturity; ++i)
adtGovvieCurveTreasuryMaturity[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryMaturityDate[i]);
for (int i = 0; i < iNumGovvieCurveEffective; ++i)
adtGovvieCurveTreasuryEffective[i] = new org.drip.analytics.date.JulianDate
(aiGovvieCurveTreasuryEffectiveDate[i]);
if (null != adblGovvieCurveTreasuryYield && adblGovvieCurveTreasuryYield.length ==
iNumTreasuryBenchmark) {
for (int i = 0; i < iNumTreasuryBenchmark; ++i) {
org.drip.param.quote.ProductMultiMeasure pmm = new
org.drip.param.quote.ProductMultiMeasure();
pmm.addQuote ("Yield", new org.drip.param.quote.MultiSided ("mid",
adblGovvieCurveTreasuryYield[i]), true);
if (!csqc.setProductQuote (astrTreasuryBenchmarkCode[i], pmm)) return null;
}
}
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.product.credit.BondComponent bond = org.drip.product.creator.BondBuilder.CreateSimpleFixed
(strIssuerName + " " + org.drip.numerical.common.FormatUtil.FormatDouble (dblBondCoupon, 1, 4, 100.)
+ " " + dtMaturity, strBondCouponCurrency, strIssuerName, dblBondCoupon,
iBondCouponFrequency, strBondCouponDayCount, dtEffective, dtMaturity, null, null);
if (null == bond) return null;
org.drip.param.quote.ProductMultiMeasure pmm = new org.drip.param.quote.ProductMultiMeasure();
try {
pmm.addQuote ("Price", new org.drip.param.quote.MultiSided ("mid", dblBondMarketCleanPrice),
true);
} catch (java.lang.Exception e) {
}
csqc.setProductQuote (bond.name(), pmm);
org.drip.state.discount.MergedDiscountForwardCurve dcFunding =
org.drip.service.template.LatentMarketStateBuilder.SmoothFundingCurve (dtSpot,
strBondCouponCurrency, astrFundingCurveDepositTenor, adblFundingCurveDepositQuote,
strFundingCurveDepositMeasure, adblFundingCurveFuturesQuote,
strFundingCurveFuturesMeasure, astrFundingCurveFixFloatTenor,
adblFundingCurveFixFloatQuote, strFundingFixFloatMeasure);
csqc.setFundingState (dcFunding);
csqc.setGovvieState (org.drip.service.template.LatentMarketStateBuilder.ShapePreservingGovvieCurve
(strGovvieCode, dtSpot, adtGovvieCurveTreasuryEffective, adtGovvieCurveTreasuryMaturity,
adblGovvieCurveTreasuryCoupon, adblGovvieCurveTreasuryYield, strGovvieCurveTreasuryMeasure));
csqc.setCreditState (org.drip.service.template.LatentMarketStateBuilder.CreditCurve (dtSpot,
strCreditCurveName, astrCreditCurveCDSTenor, adblCreditCurveCDSCoupon, adblCreditCurveCDSQuote,
strCreditCurveCDSMeasure, dcFunding));
org.drip.param.valuation.ValuationParams valParams = org.drip.param.valuation.ValuationParams.Spot
(iSpotDate);
return bond.standardMeasures (valParams, null, csqc, null, bond.exerciseYieldFromPrice (valParams,
csqc, null, dblBondMarketCleanPrice), dblBondMarketCleanPrice);
}
}