Formula
- Use the units shown beside each field.
- Results update automatically whenever you change an input.
- Displayed values use up to four decimal places, or scientific notation for very small or large numbers. Calculations use standard floating-point arithmetic; exact integer and fraction tools identify their own precision rules.
- Compare instruments with compatible maturity, currency, yield convention and optionality; not an option-adjusted spread.
Example Calculation
- Risky yield: 6 %
- Reference yield: 4 %
Risky yield = 6 %; Reference yield = 4 %. The primary result is 200.
Frequently asked questions
How do I use this calculator?
Enter risky yield, reference yield. The result updates automatically. Use Reset to restore the example values.
What method does it use?
spread basis points=(risky yield %−reference yield %) ×100.. Compare instruments with compatible maturity, currency, yield convention and optionality; not an option-adjusted spread.
Why might a rounded result differ?
The calculation keeps full numeric precision internally, then rounds the displayed result. Rounding intermediate steps by hand can produce a slightly different answer.
Are my inputs saved online?
No. This calculator processes your inputs in your browser. A recently used list stores only calculator names on this device, not your entered values.
Check the assumptions and units before using this result. Read about calculation methods.