Free online yield-to-maturity and credit spread data for Canadian corporate bonds with different debt ratings is not

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Free online yield-to-maturity and credit spread data for Canadian corporate bonds with different debt ratings is not available. However, old U.S. data is available at www.bondsonline.com/Todays.Market/Corporate.Bond.Spreads.php. You will see a table showing credit sp reads for corporate bonds of different risk over comparable-term U.S. government bonds from 2006. The spreads are measured in bas is points, where 1 basis point equals .01 (l/100) percentage point. Using the 2006 credit spread data and the current yield to maturity for U.S. Treasury bonds, estimate the required rate of return on a 10-year debt issue by a U.S. company with A2/A-rated debt. What if its debt had a B2/B rating? Current yields to maturity on U.S. Treasury bonds are available at finance.yahoo.com/bonds/ composite_bond_rates.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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