spread-over Treasuries

spread-over Treasuries
The difference between the bond equivalent yield for any investment and the bond equivalent yield for a Treasury investment with the same maturity. Comparisons of the returns for most fixed-income investments are typically made using spread over Treasury values. Investments of the same type but different maturities as well as different types of investments can be readily compared in this manner. For example, one MBS may offer a bond equivalent yield that is 20 basis points above Treasury yields while another may offer a 40 basis point spread. American Banker Glossary

Financial and business terms. 2012.

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