A par yield curve is a graphical representation of the yields of hypothetical Treasury securities with prices at par.
Par Curve The par curve gives the yield to maturity (YTM) for (coupon-paying) bonds at each maturity: thesingle discount ratethat you would use to discountall of the bond’s cash flowsto get today’s market price. (In other words, it’s the IRR vs. maturity curve for bonds.) If ...
The corporate bond spreads used in this study are the simple median yield spreads over seven-year swap rates of all regular coupon (no zero coupons or floating-rate) seven-year bonds rated by Moody's. To be included in the indices, bonds must have maturi- ties between six and eight ...