Following are U.S. Treasury benchmarks available on December 31, 2007: US/T 3.125 11/30/2009 3.133 US/T...
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Following are U.S. Treasury benchmarks available on December 31, 2007: US/T 3.125 11/30/2009 3.133 US/T 3.375 11/30/2012 3.507 US/T 4.25 11/15/2017 4.096 US/T 4.75 02/15/2037 4.518 (A note on how to read bonds quotes: Bonds are quoted as Issuer/Coupon/Maturity. For example, the first bond US/T 3.125 11/30/2009, should be read as U.S. Treasury, 3.125% coupon bond with a maturity date of November 30, 2009. Note that all Treasuries are semi-annual coupon paying bonds and this is not necessarily specified in the bond quote.)
On the same day, the following trades were executed: Issuer Issue Yield (%) Time Warner Cable Inc. TWC 6.55 05/01/2037 6.373 McCormick & Co. Inc. MKC 5.75 12/15/2017 5.685 Goldman Sachs Group Inc. GS 5.45 11/01/2012 4.773
Based on the above, complete the following table:
Issue Yield (%) Treasury Benchmark Benchmark Spread (bps) TWC 6.55 05/01/2037 6.373 MKC 5.75 12/15/2017 5.685 GS 5.45 11/01/2012 4.773
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