Fsi Command Analyze Bond Rv

FSI Command: /analyze-bond-rv

Overview

This is the Hermes profile equivalent of the original Cowork slash command /analyze-bond-rv from lseg. Invoke it explicitly with /skill fsi-command-analyze-bond-rv or ask in natural language for this workflow.

When to Use

• Use when the user asks for /analyze-bond-rv or a analyze bond rv financial-services workflow.
• Use when the user wants the command procedure rather than a free-form answer.

Command Procedure

Analyze Bond Relative Value

This command uses LSEG bond pricing, yield curves, credit curves, and scenario analysis tools. See CONNECTORS.md for available tools.

Perform relative value analysis on one or more bonds by combining pricing analytics, yield curve context, credit spread decomposition, and rate shock scenarios.

See the bond-relative-value skill for domain knowledge on spread frameworks and rich/cheap assessment.

Workflow

1. Gather Bond Identifiers

Ask the user for:

• Bond identifier(s) — ISIN, RIC, or CUSIP (required)
• Optional benchmark bond for comparison
• Valuation date (optional, defaults to today)

2. Price the Bond(s)

Call bond_price with the identifier(s).

Extract: clean/dirty price, yield, duration, convexity, DV01, currency.

If benchmark provided, price that too.

3. Get the Risk-Free Yield Curve

Call interest_rate_curve (list then calculate) for the bond's currency.

Interpolate at the bond's maturity to compute G-spread.

4. Get the Credit Spread Curve

Call credit_curve (search by country/issuerType, then calculate).

Compute residual spread = bond G-spread minus credit curve spread at matching maturity. Positive residual = cheap; negative = rich.

5. Run Scenario Analysis

Call yieldbook_scenario with parallel rate shifts: -100bp, -50bp, 0bp, +50bp, +100bp.

Extract price change and P&L under each scenario.

6. Synthesize the Report

Present: bond summary table, spread decomposition (G-spread, credit spread, residual), scenario P&L table, and rich/cheap assessment.

If benchmark provided, include side-by-side comparison.

Output Format

Lead with the rich/cheap assessment and supporting evidence. Follow with spread decomposition and scenario tables.

Hermes Invocation

• Explicit: /skill fsi-command-analyze-bond-rv
• Natural language: “Use the analyze-bond-rv command workflow for ...”

Verification Checklist

• The command intent, inputs, and output format are confirmed.
• The output cites sources or clearly labels assumptions.
• The final artifact is marked draft / for human review when appropriate.