In fact the spread of junk over treasuries is now close to 4.9 percentage points, far less than the long-term average spread of 6 points.
The two-year Greek note was trading at a spread of 807 basis points over the comparable German issue versus a spread, or gap, of 733 basis points Monday.
Whether or not Brazilian bonds are correctly priced at a spread of five points over Treasuries, it is clear that that spread cannot fall much further.
That compares with a smaller spread of 275 basis points above Treasuries for Enterprise Products' 6.50% notes due 2019.
You could, instead, get a 30-year fixed mortgage for 5.9% (reduced after tax to 3.5%) and buy a portfolio of 30-year munis yielding 4.7%, which would give you a spread of 120 basis points.
For instance, Pope notes only 14% was shaved off Portuguese bonds in the testing process even though two-year notes from Portugal have widened to trade at a spread of 242 basis points over the German equivalent security compared to 226 basis points last Friday, a 7% gain in the spread in just a week.
Currensee get a cut of that, plus a few basis points on the spread of every trade.
The premium over the equivalent German debt also reached a record spread of 3.74 percentage points.
The Fed's heavy buying last year drove yields on mortgage bonds to within 0.65 percentage point of comparable Treasury bonds, much lower than the traditional spread of 1.15 percentage points.
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We focus on the percentage of issues in the index currently quoted at distressed levels. (We define distressed as a spread over Treasuries of 10 percentage points or more.) Distressed companies historically have defaulted at a rate of nearly 25% per year, while the rate for non-distressed companies is only 1%.
The 10-year Treasury note keys off this 3% yield with a spread of as much as two percentage points.
It was talking of a spread of near 400 or 600 basis points over the equivalent U.S. 10-year bond.
FridsonVision, a research firm, publishes a default-rate predictor based on the percentage of bonds trading with a spread of at least 1, 000 basis points.
Out of interest the spread traded at 179 basis points as recently as six months ago.
That is why investors have shunned Greek debt to the extent that the 10 year Greek Government bond closed on May 20th 2011 at a yield of 16.73%, which is a spread of 13.66% or 1366 basis points over German 10 year paper.
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The option-adjusted yield spread is more like 57 basis points (hundredths of a percent), according to Bloomberg.
The Greek-German spread went from around 9.50 percentage points to a low of 4.42 within a week.
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The two-10-year spread also flattened hugely with the gradient of the curve falling below 200 basis points (2%) for the first time since October and ahead of the expected second round of quantitative easing.
Last I saw, the point spread was - it had started at about 13.5 points in favor of the Patriots, might be down to 12.5.
Assuming a similar spread back to 1985, this index is likely concealing about 20 percentage points of real growth in state higher education spending per FTE student.
He's pursuing returns he thinks will exceed U.S. markets by at least 15 percentage points but also hoping to spread the message that the free flow of private equity and venture capital to bright entrepreneurial firms in Africa can be a superior alternative to the traditional development funds funneled through the likes of the World Bank.
But although Hispanic immigrants arrive at the same points of entry as their Irish and Italian predecessors, they soon spread to the rest of the country.
The spread between emerging-market and treasury bond yields reached a record low of 169 basis points (a bit over one-and-a-half percentage points) in April and is still only around 185 points.
The LIBOR-OIS spread has gone from 8 basis points in July 2007 to 250-plus points as of today.
When Mr Monti took office as head of a technocratic government in November 2011, the spread had stood at 5.74 percentage points.
Similarly, the spread of the two-year Italian government bond over the German benchmark widened to about 130 basis points today from 102 basis points a week ago and 17 at the start of the year.
Mr Bafilemba points to parts of a laptop, a mobile phone and a wi-fi router spread out on a table in front of him.
The new increase of 2.5 percentage points on Mr. Martin's line will effectively double the spread over the prime rate to 5%, yielding an 8.25% interest rate.
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According to Reuters, the two-year U.S. interest rate swap spread--a gauge of financial system stress--was quoted at a record high 166.5 basis points in Asia, suggesting that concern about defaults among banking counterparties were worsening.
Its aims is to contribute to spread the thought, ideals and work of Professor Joseph Ki-Zerbo (1922-2006), which are points of reference for the African youth and diaspora, in their commitment for the development of the continent, and quest for shared values.
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