From Wikipedia, the free encyclopedia
In finance, a credit spread is the difference in yield between different securities due to different credit quality. The credit spread reflects the additional net yield an investor can earn from a security with more credit risk relative to one with less credit risk. The credit spread of a particular security is often quoted in relation to the yield on a credit risk-free benchmark security or reference rate.
There are several measures of credit spread, including Z-spread and option adjusted spread.
[edit] See also
|
Bond market |
|
|
|
|
| Types of bonds by issuer |
|
|
| Types of bonds by payout |
|
|
| Derivatives |
|
|
| Pricing |
|
|
| Yield analysis |
|
|
| Credit and spread analysis |
|
|
| Interest rate models |
|
|
