Observation Shift
Shifts the observation period used for compounded overnight rates while preserving day weights according to the methodology.
Market use
Used in some RFR conventions.
What it means
Shifts the observation period used for compounded overnight rates while preserving day weights according to the methodology.
Example
It should not be treated as identical to a simple lookback.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.