Bond / Debt Instrument Analysis
Read-only. reference/READ-ONLY-POLICY.md (hard rule) and
reference/RESEARCH-STANDARDS.md (bond framework, freshness, sources,
disclosure) apply.
Works over whichever broker(s) BROKERS.md names active — resolve any
capability against reference/BROKER-CAPABILITIES.md. No broker
configured there exposes bond tools, so this leans on
WebSearch/WebFetch more than the other skills — and debt funds are
web-sourced too unless INDmoney is active (it has real MF detail; check
it is unverified). Say explicitly which numbers came
from a broker live vs. the web; don't blur the two.
Steps
Debt mutual fund? Use mutual-fund-analysis instead or first.
This skill is for direct bonds/NCDs; use both for a mix.
Identify the instrument. Issuer, ISIN if known, coupon, maturity/
tenor, and whether government (G-Sec/SDL), PSU, or corporate — if
corporate, secured/unsecured and seniority.
Pull external data via WebSearch/WebFetch:
- Current YTM and price (your active broker's bonds page for the
ISIN if it has one, or NSE/BSE debt segment).
- Credit rating and the agency's latest rationale (CRISIL/ICRA/CARE)
— outlook and recent action, not just the letter grade; state how
recent the action is (days/months) — a stale rationale is a weaker
input than the letter grade implies.
- G-Sec yield at comparable tenor, to compute the spread offered.
- Issuer financials/news if corporate — results, leverage, sector stress.
Analyze: spread vs. G-Sec, stated in basis points at matched
tenor (not "roughly 1%") — that number is the fair-compensation
judgment, so show it explicitly rather than leaving it implied;
duration and what a rate move does to price; issuer/sector
concentration in the user's fixed-income book after this; liquidity —
say plainly when the search finds no active trading data.
View: attractive / fair / avoid at the current yield, with the
spread and credit reasoning shown, plus size guidance relative to the
fixed-income allocation in PORTFOLIO-PLAN.md.
Present: instrument facts first, labeled by source, then
yield/spread/duration, then the view with the disclosure block — and
flag where external data is of unknown freshness. Formal version:
reference/templates/bond-analysis.md.
1---2name: bond-analysis3description: Analyze a bond, NCD, or debt fund — yield vs. G-Sec, credit rating, duration, issuer concentration, liquidity. Use when the user asks about a bond, NCD, debt fund, or fixed-income allocation. Read-only.4---56# Bond / Debt Instrument Analysis78Read-only. `reference/READ-ONLY-POLICY.md` (hard rule) and9`reference/RESEARCH-STANDARDS.md` (bond framework, freshness, sources,10disclosure) apply.1112Works over whichever broker(s) `BROKERS.md` names active — resolve any13capability against `reference/BROKER-CAPABILITIES.md`. No broker14configured there exposes bond tools, so this leans on15`WebSearch`/`WebFetch` more than the other skills — and debt funds are16web-sourced too unless INDmoney is active (it has real MF detail; check17it is unverified). Say explicitly which numbers came18from a broker live vs. the web; don't blur the two.1920## Steps21221. **Debt mutual fund?** Use `mutual-fund-analysis` instead or first.23 This skill is for direct bonds/NCDs; use both for a mix.24252. **Identify the instrument.** Issuer, ISIN if known, coupon, maturity/26 tenor, and whether government (G-Sec/SDL), PSU, or corporate — if27 corporate, secured/unsecured and seniority.28293. **Pull external data** via `WebSearch`/`WebFetch`:30 - Current YTM and price (your active broker's bonds page for the31 ISIN if it has one, or NSE/BSE debt segment).32 - Credit rating *and the agency's latest rationale* (CRISIL/ICRA/CARE)33 — outlook and recent action, not just the letter grade; state how34 recent the action is (days/months) — a stale rationale is a weaker35 input than the letter grade implies.36 - G-Sec yield at comparable tenor, to compute the spread offered.37 - Issuer financials/news if corporate — results, leverage, sector stress.38394. **Analyze:** spread vs. G-Sec, stated **in basis points** at matched40 tenor (not "roughly 1%") — that number is the fair-compensation41 judgment, so show it explicitly rather than leaving it implied;42 duration and what a rate move does to price; issuer/sector43 concentration in the user's fixed-income book after this; liquidity —44 say plainly when the search finds no active trading data.45465. **View:** attractive / fair / avoid at the current yield, with the47 spread and credit reasoning shown, plus size guidance relative to the48 fixed-income allocation in `PORTFOLIO-PLAN.md`.49506. **Present:** instrument facts first, labeled by source, then51 yield/spread/duration, then the view with the disclosure block — and52 flag where external data is of unknown freshness. Formal version:53 `reference/templates/bond-analysis.md`.