False.
A credit spread is the difference in yield between a debt security (such as a corporate bond) and a benchmark bond (such as a U.S. Treasury bond) with the same maturity. It represents the additional compensation investors demand for taking on the credit risk associated with a non-government bond compared to a risk-free Treasury bond. The credit spread reflects the market's assessment of the issuer's creditworthiness and can vary based on factors such as the issuer's financial health, credit rating, and overall market conditions. The maturity of the debt securities being compared is typically the same to provide an accurate assessment of the credit risk premium.