The Spread shows the difference between two yields of different bonds.
In the case of Government Bonds, the yield spread also means credit spread. These countries usually differ regarding credit quality.
A positive spread means that the percentage yearly return of a bond over another is higher.
For example, if one bond is yielding 5% and another is yielding 3%, the spread is 2%, or 200 basis points (bp).
Last Update: 21 May 2018 5:15 GMT+2
(*) The 10Y Bond Yield is not derived from the market. Its value is calculated according to the yields of other available durations.