They analyze information on hundreds of thousands of monthly observations on the yield to maturity of corporate bonds since the launch of the euro in January 1999, and define the credit spread
at the bond level as the difference between the corporate bond yield and the yield of a same-maturity German Bund zero coupon bond.
Contract notice: Market data with credit spread
5 percent fixed rate senior unsecured bond, which has a redemption date of September 29, 2014, was issued at a credit spread
of 230 bps above the benchmark R201.
In this respect, studying credit spread
indices is worthwhile to shed light on the systematic component of corporate credit spreads
Such a credit spread
is often interpreted as the premium paid to bond holders for default risk.
is the spread between Treasury securities and non-Treasury securities that are identical except for quality rating.
Balance sheet CDOs, motivated by banks' needs as tools of financing and controlling risk assets, are expected to show more growth than in the first half of the year, while issuance of arbitrage transactions are subject to the trend in credit spread
, and thus their growth is uncertain,'' Moody's said.
In particular, the company placed a ZAR2bn bond on Tuesday, which included a five-year ZAR750m fixed-rate note with a credit spread
The equity market correction that has been underway since October 17 has not been corroborated by widening of credit spreads
However, Fitch considers a prolonged period of wide credit spreads
could exert pressure on Mapfre's strong capital adequacy as the Spanish sovereign debt keeps trading at high credit spreads
against German bonds.
Taipei, March 24, 2010 (CENS) -- Credit spreads
in Taiwan's bond market are likely to stabilize in the first half of 2010, as the local economy continues to recover.
5 billion due to the significant improvement in Morgan Stanley's credit spreads
on certain of its long-term debt (debt-related credit spreads
), while the prior year included positive revenue of $5.