眸同學(xué)
2025-07-12 18:00An upward sloping credit spread term structure for a company's bonds isbest explained by:Aa company with high-yield bonds facing imminent default.B.a cyclical company in an economy coming out of a recession.Ca company with investment-grade bonds operating in a stable industry.
這道題答案給的是c,但是為什么不選b呢
所屬:CFA Level II > Fixed Income 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個回答
Danyi助教
2025-07-14 11:39
該回答已被題主采納
同學(xué)你好,
B:周期性公司在經(jīng)濟(jì)走出衰退時,經(jīng)濟(jì)好轉(zhuǎn)時,周期性公司的盈利改善,違約風(fēng)險下降,信用利差應(yīng)收窄。此時,長期利差可能下降更多,因為經(jīng)濟(jì)復(fù)蘇預(yù)期好,未來風(fēng)險降低,所以長期利差可能低于短期,導(dǎo)致曲線向下傾斜,或者變得平緩,因此B不正確。
