# Spread

From ACT Wiki

1. *Two-way price quotations*.

Bid-offer spread.

2. *Borrowing and investment*.

The differential between the yields on two fixed-income securities, usually expressed in basis points.

In the corporate borrowing context, it is usually the difference between the yield on a fixed-income corporate security, and a comparable risk-free investment, such as a gilt.

3. *Borrowing*.

An addition to the interest rate charged to a borrower, reflecting their credit risk.

Also known as *credit spread*.

4. *Statistics*.

In statistics, spread is the extent to which data are clustered centrally, or more widely dispersed.

Measured for example by Standard deviation, Variance or Mean deviation.

## See also

- Basis point
- Bear spread
- Bid-offer spread
- Bull spread
- Credit adjustment spread
- Credit spread
- Credit spread risk
- ISDA spread adjustment
- Mean deviation
- Performance spread
- Secondary spread
- Skewness
- Spread bet
- Spread risk
- Spread to Treasury / Governments
- Standard deviation
- Swap spread
- Swap spread risk
- TED spread
- Two-way price
- Variance
- Yield
- Yield spread