What does the function FWCV help in analyzing?

The function FWCV is designed to help analysts project forward rates. This tool allows users to derive expected future interest rates based on current market data, which is essential for various financial analyses, including evaluating fixed-income securities and making decisions related to interest rate risk management. By using FWCV, analysts can assess how changes in the yield curve might impact future cash flows or investment strategies, effectively projecting expectations over a certain period.

The other functions referenced, while relevant in their contexts, do not focus on forward rates. For instance, bond duration is a measure of interest rate sensitivity but does not project future rates directly. Historical price spreads pertain to past price differences between securities, which would not help in forecasting future rate movements. Similarly, comparative bond lists allow investors to evaluate bonds against criteria, such as credit quality and yield, rather than focusing on the projection of forward rates.