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Generic credit spread
The financial definition for Generic credit spread:
Refers to the corporate bond spread for a particular credit rating and expiry.
For example, 10-year single A corporates were priced or trading at 130 basis points above Treasuries last
night, or said diffrently,
130 is the generic credit spread for 10-year single A corporates.
Similar MatchesGenericGeneric Describes the characteristics and/or experience of the total universe of a coupon of MBS sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue.
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