A credit spread option has a notional of $100M with a maturityof one year. The underlying security is a 8% 10-year bond issued bycorporation XYZ. The current spread is 150bp against 10- yearTreasur A credit spread option has a notional of \( \$ 100 M \) with a maturity of one year. The underlying security is a \( 8 \% \quad 10 \)-year bond issued by corporation \( X Y Z \). The current spread is 2 answers