What does the RVM function allow users to do regarding historical spreads?

The RVM function enables users to graph historical spreads to maturity. This capability is crucial for investors and analysts who want to visualize the changes in bond spreads over time, particularly as they relate to the maturity of the bonds. By displaying these historical trends, users can better understand how spreads have fluctuated due to various market conditions, interest rate changes, or credit events.

This insight allows for a more informed analysis of current market trends and potential future movements. While analyzing projected forward rates, assessing the relative value of bonds, and displaying comparable bonds are important functions in bond analysis, they do not specifically relate to the historical representation of spreads that the RVM function provides.