Re: Of pricing bonds whose IssueDate is in the future: is BondCleanPrice already discounted?

Posted by imachabeli on Oct 11, 2013; 1:22pm
URL: http://quantlib.414.s1.nabble.com/Of-pricing-bonds-whose-IssueDate-is-in-the-future-is-BondCleanPrice-already-discounted-tp14571p14577.html

In real life there is no such a contract where you pay for a bond now and get it delivered an year from now. One would take gigantic counterparty risk.
What you are describing looks more like forward contract on a bond. In that case you will pay for that bond an year from now and forward rate will be function of yield curve. If it is upward sloping yield curve than forward yield will be higher that today i.e price lower than today.