李同学2019-03-10 20:47:28
Which of the following would lead the credit spreads to widen? A The credit cycle improves. B Economic conditions worsen. C Broker-dealers become more willing to provide capital. 查看解析 下一题 正确答案B 您的答案C本题平均正确率:97% Yield spread难度:一般 推荐: 答案解析 Credit spreads widen as economic conditions worsen. Spreads narrow as the credit cycle improves and as broker-dealers provide more capital to bond markets. 问:A C为啥不对,可否用例子解释一下,解析没听懂!
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Sherry Xie2019-03-11 14:53:49
同学你好,spread变宽代表什么,代表的是给Bondholder补偿更多了。 A经济好,spread低,不需要给Bondholder太多补偿。 2经济差,为了吸引投资者投资债券,会提高spread,增加补偿。C broker dealer更愿意提供资本,会加强市场资金流动性,对于市场是好是,那么liquidity spread这一部分会降低。
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