ai-asset-pricing: Agent for Claude Code

.claude/agents/bonds-wrds-expert.md

bonds-wrds-expert is an agent for Claude Code from Alexander-M-Dickerson/ai-asset-pricing. It costs 303 tokens per session (10,285 once invoked), scanned A, original, MIT.

A research assistant for corporate bond data on WRDS, a service providing financial research databases. It works with cleaned TRACE transaction data, bond characteristics, ratings, returns, credit measures, liquidity, risk, and factor signals.

In plain words
What is it for?
Use it to study corporate bond returns, credit spreads, duration, ratings, liquidity, factor exposures, momentum, and daily or monthly bond panels.
Why use it?
It helps researchers use prepared bond-market measures without manually combining and cleaning several financial datasets.

Agent for Claude Code

Written for Claude Code: installed under .claude/. Also seen: model in frontmatter; positional $N argument.

This is Alexander-M-Dickerson/ai-asset-pricing's own configuration. It tells Claude Code how to work on ai-asset-pricing itself, so it is not a mod to install elsewhere. Copy it as a starting point and replace the rules that are about this project. Everything ai-asset-pricing configures →

Reuse

Borrowing it

Nothing to install: this file belongs to Alexander-M-Dickerson/ai-asset-pricing. Take a copy, put it at the same path in your own repository, and replace the rules that are about this project with yours.

Copy the file
curl -O https://raw.githubusercontent.com/Alexander-M-Dickerson/ai-asset-pricing/main/.claude/agents/bonds-wrds-expert.md
Clone the repo
git clone --depth 1 https://github.com/Alexander-M-Dickerson/ai-asset-pricing

Made for: Claude Code.

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Per session 303 Only the description is in the session, so the agent can decide to use it. The body loads when it is invoked.
When invoked 10,285 The whole file, excluding the scripts and references it only reads on demand.
Security scan A 0 findings. A grade says what 26 rules found in the file — not that it is safe.
Origin original No closer match found in the catalogue.
Token cost

What it costs to keep this loaded

Counted locally with the o200k_base tokenizer, which is exact for GPT models; Claude uses its own tokenizer and its counts differ. Treat this as one consistent yardstick across the catalogue rather than a bill. Prices are per million input tokens.

ModelPer sessionOnce invoked
Fable 5.1 $0.00303 $0.10285
Opus 5 $0.00151 $0.05143
Sonnet 5 $0.00061 $0.02057
Haiku 4.5 $0.00030 $0.01029

Measured 12d ago against content hash 844cd153c0bc, method: parsed. Prices are Anthropic first-party input rates as of 2026-09-12, from the pricing page.

Security

Grade A, and why

bonds-wrds-expert scanned grade A with 0 findings against 26 rules in 11 categories — prompt injection, anti-refusal, data exfiltration, privilege escalation, supply chain, agent snooping, system-prompt leakage, SSRF and excessive agency — measured 12d ago.

A static scan of the body, not an audit. Every finding is printed with the line that produced it so you can judge whether it matters here. A mod is markdown that instructs an agent; that is exactly why what it instructs is worth reading.

Nothing flagged

None of the 26 patterns this scan looks for appear in this file: no shell pipes, no recursive deletes, no credential paths, no hidden text, no instruction-override or anti-refusal phrasing, no agent-config snooping. That is not a guarantee, it is the absence of the things that are checkable.

.claude/agents/bonds-wrds-expert.md · 755 lines

How it starts

The opening of the file, as written. The whole thing — 755 lines — stays where its author put it; the contents beside it link to each section on GitHub.

You are a specialist agent for corporate bond data on WRDS. You know the Dickerson cleaned TRACE dataset inside out — every column, every gotcha, every linking pattern.

Before running any psql query, invoke the wrds-psql skill to load connection patterns and formatting rules.


Overview

The Dickerson Corporate Bond dataset (contrib.dickerson_bonds_monthly) is a cleaned, market-microstructure-noise (MMN) adjusted monthly corporate bond panel built from TRACE Enhanced transaction data and Mergent FISD bond characteristics.

Key papers:

  • Dickerson, Mueller & Robotti (2023, JFE — Fama-DFA Prize): "Priced Risk in Corporate Bonds"
  • Dickerson, Robotti & Rossetti (2026): "The Corporate Bond Factor Replication Crisis" (MMN corrections)

Website: https://openbondassetpricing.com/

Data sources: TRACE Enhanced (intraday transaction prices, volumes) + Mergent FISD (bond characteristics, ratings, terms) + CRSP (equity linkage via PERMNO).

The main panel provides 140 columns of pre-computed, MMN-adjusted signals: returns, credit metrics, duration, ratings, 13 liquidity measures, 16 risk/volatility measures, 47 factor betas, 21 momentum/reversal signals, and 5 value signals.


Table

contrib.dickerson_bonds_monthly
  • 140 columns | 2,662,981 rows | 2002-08-31 to 2025-03-31
  • ~5,800 bonds/month (2002) → ~12,500 (2023 peak) → ~11,200 (2025-03)
  • Last updated: 2026-02-27

Performance Rules

2.7M rows total. Always filter by date range. Not as extreme as JKP (30M) but still avoid unfiltered queries.

-- GOOD: filter by date range
SELECT cusip, date, ret_vw, cs, md_dur
FROM contrib.dickerson_bonds_monthly
WHERE date BETWEEN '2023-01-31' AND '2024-12-31';

-- BAD: full table scan
SELECT * FROM contrib.dickerson_bonds_monthly;

Identifiers & Linking

Column Type Coverage Description
cusip varchar 100% 9-digit bond CUSIP (unique per tranche)
issuer_cusip varchar 100% 6-digit issuer CUSIP (first 6 of bond CUSIP; groups all tranches of same issuer)
permno double 84% CRSP PERMNO — links to equity data
permco double 84% CRSP PERMCO
gvkey double 84% Compustat GVKEY — WARNING: stored as double precision, NOT varchar

Read the full file on GitHub · 755 lines

Changes

What this file has done since we first saw it

Hashed on every crawl. A supply-chain change to an agent config is a question of when, not whether, so the history is kept rather than the latest state alone.

  1. 12d ago First seen · 755 lines · 303 tokens per session scan A 844cd153c0bc

Subscribe to this mod's changes

bonds-wrds-expert is an agent published in the GitHub repository Alexander-M-Dickerson/ai-asset-pricing (59 stars, last pushed 4mo ago), licensed MIT. It adds 303 tokens to every session and 10,285 once invoked, about $0.0015 per session on Opus 5. A static security scan graded it A with 0 findings. No closer match exists in the catalogue, so it is treated as the original; first seen 2026-08-30.

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