Taking S65 next week. I've been watching and liking all the lectures and test spec explications... thanks very much for all the time you have put into all of this, really great content, and I appreciate your easy going nature and explanations of facts. I did pass my 65 in 2016, but didn't register as our company remained overseas ... now joining a US firm, so I am sitting the exam again... it's alarming how much I have forgotten, but it's coming back quickly... Best tip was to print the test spec as an 'intellectual reference' (I think you called it) I'd be lost without having that in front of me each day checking off the content and measuring my progress. Thanks a million... one Dean to another. 👍🏻
I have a question on your explanation of credit spread and the widening part. You mention that if ppl are selling their low rating bonds then prices are falling ultimately causing yield to increase. Right after you are saying that it is causing more demands on high credit bonds with price raising and yields falling. Then yields are narrowing no? I'm confused...
@Series 7 Guru Thank you for your reply but I am still confused. Maybe I got it wrong in the 1st place... English is also my 2nd language so it might not help... in your example, the difference that is widening is the price of each bonds. I thought that credit spread meant yields spread and not price spread. If high credit bonds yields less and low credit bonds yields more then yields are narrowing but prices are widening. Am I missing something?
Is there an assumed PAR value that the test has? I have STC's prep for the 65 and they state the PAR assumption should be $100. Will they state what PAR value is or is it an assumption going in?
Hope to broadcast next installment by the end of the week. My for profit commitments are interfering with my non profit commitments (the TH-cam channel). LOL
![ILLSLICK X YOUNGOHM - We're The same [Official Video]](http://i.ytimg.com/vi/yUJNkobYR0E/mqdefault.jpg)
I really enjoy the way you explain the subjects at hand. Thank you for your professionalism, time and dedication.
You are welcome.
Taking S65 next week. I've been watching and liking all the lectures and test spec explications... thanks very much for all the time you have put into all of this, really great content, and I appreciate your easy going nature and explanations of facts. I did pass my 65 in 2016, but didn't register as our company remained overseas ... now joining a US firm, so I am sitting the exam again... it's alarming how much I have forgotten, but it's coming back quickly... Best tip was to print the test spec as an 'intellectual reference' (I think you called it) I'd be lost without having that in front of me each day checking off the content and measuring my progress. Thanks a million... one Dean to another. 👍🏻
If you did it once. You can do it again. Sending you good test vibes.
@@Series7Guru appreciate it, thanks.
I have a question on your explanation of credit spread and the widening part. You mention that if ppl are selling their low rating bonds then prices are falling ultimately causing yield to increase. Right after you are saying that it is causing more demands on high credit bonds with price raising and yields falling. Then yields are narrowing no? I'm confused...
No. Higher credit bonds yield less as their price rises. Lower credit bonds yield more as their price falls. The difference is widening.
@Series 7 Guru Thank you for your reply but I am still confused. Maybe I got it wrong in the 1st place... English is also my 2nd language so it might not help... in your example, the difference that is widening is the price of each bonds. I thought that credit spread meant yields spread and not price spread. If high credit bonds yields less and low credit bonds yields more then yields are narrowing but prices are widening. Am I missing something?
Oooh, high credit bonds yields less in the 1st place so if they are decreasing even more then yes it's widening. Shoot... took me 1h to figure out
Is there an assumed PAR value that the test has? I have STC's prep for the 65 and they state the PAR assumption should be $100. Will they state what PAR value is or is it an assumption going in?
Par for preferred is $100 for bonds $1,000
Thanks Dean! Good stuff.
Hope to broadcast next installment by the end of the week. My for profit commitments are interfering with my non profit commitments (the TH-cam channel). LOL
@@Series7Guru I really appreciate it. I'm taking the 65 next month...second time...so these videos have been great for me.
I wish you can finished all the nasaa outline before end of august. You make sounds so easy everything to understand.
I will try.
@@Series7Guru Please do or before late Sept
@@joshuavallejos3173 I am on pace to do so.
There was a question about this in 65 exam I took.
Thanks for the confiramtion.