A bond fund manager has approached a bond dealer to gather details regarding the prices of two bonds, specifically Bond X and Bond Y. Both bonds have identical maturity periods and coupon rates. According to the dealer’s report, Bond X is being quoted at a spread of 30 basis points above the corresponding Treasury rate, while Bond Y carries a spread of 70 basis points above the Treasury rate. Based on this information, what accurate conclusion can the manager draw about the relative risk or quality of these bonds?