Fixed Income: How to Calculate PnL and Why

Hi, having some job interviews: why is notionalDV01bps = PnL on a corporate? How do you calc for UST? Can you just do I buy 100 bonds, the price goes from 99-25 to 99-26 so i make 1/32 * 100?

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I would suggest using YAS GO on Bloomberg and all of this will make more sense.

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Authored by: Certified Sales & Trading Professional - NACertified Sales & Trading Pro

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Fixed Income: How to Calculate PnL and Why

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