A credit spread is the difference in yield between a U.S. Treasury bond and another debt security of the same maturity but different credit quality. Credit spreads between U.S. Treasuries and other bond issuances are measured in basis points, with a 1% difference in yield equal to a spread of 100 basis points. As an example, a 10-year Treasury note with a yield of 5% and a 10-year corporate bond with a yield of 7% are said to have a credit spread of 200 basis points. Credit spreads are also referred to as “bond spreads” or “default spreads.” Credit spread allows a comparison between a corporate bond and a risk-free alternative—Read more at Investopedia. Ganti, Akhilesh. “Credit Spread.” 8 October 2019.