Historically, such bonds have offered a higher spread over government securities than would be justified by investors' losses during defaults.
That is because they understand that, on the municipal side at least, the market has always demanded a much higher spread than the actual cost of risk, points out CBM Group's André Cappon.
Thus, we found, for example, that worm breakpoints, when aggregated over the models for each vector, resulted in a higher spread of values for the anopheline than the culicine models (the median mf prevalence breakpoint value was 0.76% for anopheline models as opposed to 0.23% for culicine).
Peptides with higher activation efficiency triggered a higher spreading rate and a greater spread area.
The commission can then make rules to force shares to be quoted in higher spreads than 1 cent per share.
So funding, where it is available, will be at much higher spreads than the banks used to demand; and for marginal borrowers stingy banks will be the only game in town.Again, a division of labour can help.
Last fall, however, the 5-year paper of Ford Motor Company, General Motors and other liquid names traded at higher spreads than the same issuer's 10- year paper.
Second in the capital structure, these tranches are secured holders of second lien paper will share collateral with first lien holders in case of bankruptcy yet offer higher spreads than first lien loans.
Besides, the Peruvian pathotype showed a higher systemic spread than the Trinidadian pathotype.
In addition, mice deficient for TN-R, link protein 1, brevican or aggrecan showed a significantly higher spreading of degeneration than wild-type mice after single sided injection of FeCl3.
