In 2007,the spread between the yields on commercial paper and Treasury bills increased to over 100 basis points (1.00%).

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This statement is true. In 2007, the global financial crisis caused a significant increase in credit risk, leading to a widening spread between the yields on commercial paper (which is typically issued by corporations) and Treasury bills (which are considered to be virtually risk-free). This spread exceeded 100 basis points (1.00%) during this time period.

In 2007,the Spread Between the Yields on Commercial Paper and Treasury