Amortization With Dates – 12 Payment & 15 Compounding Options

How many realistic payment schedules with dates can you think of? I came up with 12. Now, regardless of the payment cycle, how many compound interest methods can be applied to the 12 payment cycles? I came up with 15. This amortization schedule wherefore has 180 (12 x 15) combinations of payment and compounding methods. […]

Risk Management – Interpolated FICO Scores on Consumer Loans

I have been retired for several year now, but back in the day, we determined the interest rates we charged on consumer loans by using tiered FICO scores. The FICO scores were tiered, so that for example, everyone between a score 620 and 674 got the same rate on their loan. The borrower with a […]

Can Forward Yields Predict Future Treasury Yields?

This is not meant to be an academic work on the predictive abilities of forward Treasury yields. See the expectations hypothesis. Rather, it is a spreadsheet that, given a date in the past, calculates forward rates and then compares the forward yield curve to the actual yield curve on that future date. Thanks to the […]

Animated Treasury Yield Curves (1962-Present)

In July of 2015, I posted an animated yield curve chart:http://pistulka.com/Other/?p=1691. I have hopefully improved the chart and brought the yields curves up-to-date. You can also add daily curves if you like. The Excel file contains VBA, so some firms might not allow downloads. The yield curves are on a monthly basis from 1962-1989 and […]

Treasury Forward Yield Curve Table – Revised

I have posted spreadsheets on forward yield curves in the past, but this one is less cumbersome in that the spot rate calculations are simplified, compared to the previous spreadsheets. In addition, I added a forward math sheet to explain the calculations. Like my other spreadsheets that require spot rates, I start with a source […]

Yield Curve Smoothing With The Nelson-Siegel-Svensson Model

Note: I found an error in the spreadsheet and repaired it, so if you downloaded the spreadsheet before 3/21/19, download it again.   This post starts by entering the U.S Treasury Yield curve by copy/pasting the rates from the Treasury web site. The yields are then interpolated in order to calculate spot rates using the […]

Bootstrapping Spot Rates For FHLB Amortizing Advance Rates

A reader asked for help in creating the spot rates for the Federal Home Loan Banks market reference curve, used for amortizing advances. I have posted four ways to calculate spot rates for U.S. Treasury securities (A Forth Way To Bootstrap Spot Rates), but this is the first non-uses the same basic calculations, but uses […]

Budgeting Interest Expense on Certificates of Deposits

One problem with budgeting interest expense, is that the typically credit union will have a majority of their CDs maturing during the next 12 months. The reinvestment rates for those CDs can make a significant difference to overall interest expense. This spreadsheet uses a data table of all CDs at the end of the current […]