spread to Treasury

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Spread to Treasury

The difference in yield between a U.S. Treasury security and any other debt security with a similar maturity. Because U.S. Treasury securities are considered zero-risk investments, the yield on the other security is almost always higher to compensate the investor for the added risk.

spread to Treasury

The difference in yield between a fixed-income security and a Treasury security of similar maturity.
References in periodicals archive ?
Indirect bidding should be ok thanks to still-wide spreads to Treasuries, with the latter providing a 257 bp pick up.
Schwab analysts are not yet underweight emerging market or high yield bonds because of their relatively high coupons, but they are cautious because spreads to Treasuries are tight.
In terms of spreads to Treasuries, this is the tightest ever transaction executed by the Bank and reflects strong investor demand for top quality US Dollar denominated supranational product.
The currently wide cap rate spreads to Treasuries can absorb some of that pressure, but after that, prices will be dependent on the race between increases in interest rates and increases in NOIs.
As housing sales activity gears up seasonally after spring and the economic recovery broadens, stronger mortgage credit demand, coupled with a flattening yield curve, will widen mortgage yield spreads to Treasuries. However, for 1993, mortgage pass-throughs will be hard pressed to beat Treasuries in total returns, continuing their mixed performance of 1992.