Due to a possibility of erroneous data, this series has been temporarily suspended.
This data represents the Option-Adjusted Spread (OAS) for the BofA Merrill Lynch Private Sector Emerging Markets Corporate Plus Index is the subset of the BofA Merrill Lynch Emerging Markets Corporate Plus Index, which includes all corporate securities except for the debt of corporate issuers designated as government owned or controlled by BofA Merrill Lynch emerging markets credit research. The same inclusion rules apply for this series as those that apply for BofA Merrill Lynch Emerging Markets Corporate Plus Index (http://research.stlouisfed.org/fred2/series/BAMLEMCBPITRIV?cid=32413
The BofA Merrill Lynch OASs are the calculated spreads between a computed OAS index of all bonds in a given rating category and a spot Treasury curve. An OAS index is constructed using each constituent bond’s OAS, weighted by market capitalization. When the last calendar day of the month takes place on the weekend, weekend observations will occur as a result of month ending accrued interest adjustments.
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Copyright, 2014, Bank of America Corporation. Reprinted with permission. BofA Merrill Lynch Private Sector Issuers Emerging Markets Corporate Plus Sub-Index Option-Adjusted Spread©