- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 44. Introduction to Fixed-Income Valuation
- Subject 8. Yield Spreads
CFA Practice Question
The zero-volatility spread (Z-spread) is a measure of the spread ______.
A. one point on the Treasury yield curve
B. all points on the spot curve
C. all points on the Treasury yield curve
Explanation: The Z spread is a measure of the spread that the investor would realize over the entire Treasury spot rate curve if the bond is held to maturity.
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