CFA Practice Question

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CFA Practice Question

The Treasury par curve is named because ______

A. Treasuries are only sold at par.
B. spot rates cannot be calculated at non-par values.
C. on-the-run Treasuries are coupon-adjusted to sell at par.
Correct Answer: C

User Contributed Comments 2

User Comment
ehc0791 Can some one explain how the OTR treasuries are coupon-adjusted to par ? I work in fixed income for 5 years, the all the risk calculation is done on swap curve which is par but not in treasury credit.
hoyleng check out the OTR defination. hope it helps.
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