5 Year - US Treasury Constant Federal Reserve Bank (H15) - Treasury Department
|Feb 14, 1:38:00 pm|
The difference between the yields of two bonds with differing credit ratings. Most often, a corporate bond with a certain amount of risk is compared to a standard risk-free Treasury Bond. The bond spread will show the additional yield that could be earned from a bond which has a higher risk.
A bond quote is the last price at which a bond traded, expressed as a percentage of par value and converted to a point scale. Par value is generally set at 100, representing 100% of a bond's face value of $1,000. For example, a corporate bond quoted at 99 is trading at 99% of face value, meaning the cost of buying each bond is $990.