Список проголосовавших за комментарий "Станислав Иванов, почитайте сначала что-нибудь по теме<br/> вы вообще не в курсе<br/> <br/> если вам лень погуглить 5 минут — вот:<br/> Converting the price to spread and vice versa can be approximated using the dollar value of 1 basis point (DV01): multiplying the DV01 by the difference between the deal spread and the quoted spread gives us the level of discount in the index’s price. For example, let’s assume that the 5-year CDX IG has a deal spread of 35 bp, spread DV01 of 4.16, and trades at 68 bp. The corresponding discount level is 4.16 x (68 – 35) = 137 = $1.37. Therefore, the price is 100–1.37 = $98.63. <br/> <br/> Alternatively, let’s assume that the 5-year CDX HY trades at price of 95.87, has a deal spread of 275 bp, and a spread DV01 of 3.58. The discount level is 100 – 95.87 = $4.13. Then we divide this level by the DV01 and add the result to the deal spread: 4.13/3.58 = 1.15 = 115 bp, which is added back to the deal spread: 275+115 = 390 bp.<br/> <br/> Bloomberg use more sophisticated models that take convexity and other factors into account, so the levels might be slightly different (in our example, Bloomberg gives a spread of 386 bp, versus 390 bp). The CDSW page in Bloomberg includes a conversion tool (CDX10 CDS ; CDX.NA.HY.10 (5Y) for Series 10).<br/> <br/> How to convert spread to price for CDS index<br/> Does this help you or are you interested in how the conversion is done in the Bloomberg?"