If the CDS-Bond Basis Is X Minus Y,what Are X

question 17

Multiple Choice

If the CDS-bond basis is X minus Y,what are X and Y?

• A) X is the CDS spread and Y is the excess of the bond yield over the swap rate
• B) X is the excess of the bond yield over the swap rate and Y is the CDS spread
• C) X is the CDS spread and Y is the excess of the bond yield over the Treasury rate
• D) X is the excess of the bond yield over the Treasury rate and Y is the CDS spread

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