Bloomberg Rant

[pj]

Back to the topics.



For the unknown reasons the Bloomberg has recently

switched default sources for yield curves, thus giving the

strange errors for interest rates curves.



Another goodie.



I asked the BBG support which formula do they use

for calculating yield-to-maturity.



I was given the aswer

"the standard one". Then I outlined several possibilities,

like exponential versus simple, day counts, what not.



Then I asked which one of those alternatives.



Got the repeated answer:

"the standard one" .

[jungle]

Graham --- I'm still waiting for Bloomberg to fix a problem I pointed out to them in 2003, which was also pointed out to them by a fairly senior Bloomberg employee at the same time.