hao
2023-02-16 10:00a high-yield curve inversion is related to the relationship between near-term and long-term default
老師請問官網(wǎng)題這句話是什么意思 a high-yield curve inversion is related to the relationship between near-term and long-term default as opposed to DTS.
所屬:CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個回答
Nicholas助教
2023-02-16 11:29
該回答已被題主采納
同學,早上好。
這里題目中說明,High-yield credit spread curves often invert because of the empirical observation that DTS is the best way to measure high-yield bond price changes.
同學問題中描述的正是這里的解釋,是說高收益率信用利差曲線反轉(zhuǎn)是因為短期和長期的利差變化,而不是因為DTS。DTS并不是衡量此問題的最好指標。DTS是Duration Times Spread,久期乘以利差,是一種風險衡量指標。
加油,祝你順利通過考試~
