By this point, most readers will share his disgust and exhaustion, but also the certainty that for a particularly obsessive breed of gambler, all that matters is the never-ending quest for the perfect point-spread differential.
The spread, or differential, between the yields on Spanish 10-year government bonds and German bonds set a euro-era record Friday, widening to 2.64 percentage points.
Several bond portfolio managers say the spread, or differential, between yields on Treasury securities and corporate bonds offers investors an opportunity, because they can profit in two ways -- from the higher yield on the corporate bonds, and from the capital gain on the price of the corporate bond as its yield declines, narrowing the spread between corporate bonds and Treasuries.
The big rally in this sector has narrowed the interest rate spread, or differential, between corporate bonds and Treasuries and has pulled the yields of corporates so low that they don't justify the risk of a downturn in the market.
The yield on Greece's benchmark 10-year bonds rose Thursday to 6.265 percent — a spread, or differential, of 3.14 percentage points over comparable German bonds, the European benchmark for safety.
The spread, or differential, on yields between Irish bonds and German bunds, the European benchmark for safety, are back the near-record levels seen in May, at 321 basis points or 3.21 percentage points.
The spreads, or differentials, between telecommunications bonds and government securities are widening -- not just for high-yield issues, but for investment-grade debt, too -- as investors demand higher returns for bearing the growing risks associated with financing costly new services.
The spread, or risk differential, on Portuguese 10-year bonds over their German counterparts is now at 3.08 percentage points.
Spanish shares slumped 2.3 percent, while the spread, or risk differential, of Spanish bonds over German bonds was 1.32 percentage points.
Spatial variability of soil properties and geological anomaly can be very important in the case of low weight buildings with continuous spread footings inducing differential settlements which can have harmful consequences on the structure.
Most notably the cross-sectional population-based Four City study examined the differential spread of HIV in four sub-Saharan Africa cities in the late nineties [11].
