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Basic Question 1 of 12

Which spread measure is considered to be an indicator of the risk and liquidity in the money markets?

A. Swap spread
B. Z-spread
C. LIBOR-OIS spread

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Learning Outcome Statements

explain the swap rate curve and why and how market participants use it in valuation;

calculate and interpret the swap spread for a given maturity;

describe short-term interest rate spreads used to gauge economy-wide credit risk and liquidity risk;

CFA® 2025 Level II Curriculum, Volume 4, Module 26.