bond-analysislisted

# Bond / Debt Instrument Analysis Read-only. `reference/READ-ONLY-POLICY.md` (hard rule) and `reference/RESEARCH-STANDARDS.md` (bond framework, freshness, sources, disclosure) apply. Works over whichever broker(s) `BROKERS.md` names active — resolve any capability against `reference/BROKER-CAPABILITIES.md`. No broker configured there exposes bond tools, so this leans on `WebSearch`/`WebFetch` more than the other skills — and debt funds are web-sourced too unless INDmoney is active (it has real MF detail; check it is unverified). Say explicitly which numbers came from a broker live vs. the web; don't blur the two. ## Steps 1. **Debt mutual fund?** Use `mutual-fund-analysis` instead or first. This skill is for direct bonds/NCDs; use both for a mix. 2. **Identify the instrument.** Issuer, ISIN if known, coupon, maturity/ tenor, and whether government (G-Sec/SDL), PSU, or corporate — if corporate, secured/unsecured and seniority. 3. **Pull external data** via `WebSearch`/`WebFetch`: - Current YTM and price (your active broker's bonds page for the ISIN if it has one, or NSE/BSE debt segment). - Credit rating *and the agency's latest rationale* (CRISIL/ICRA/CARE) — outlook and recent action, not just the letter grade; state how recent the action is (days/months) — a stale rationale is a weaker input than the letter grade implies. - G-Sec yield at comparable tenor, to compute the spread offered. - Issuer financials/news if corporate — r