珊同学2022-05-11 09:50:10
Second, spread changes are more pronounced during times of outflows in high-yield markets relative to investment-grade markets, particularly during times of stress. 这句话为什么是正确的?High-yield债券应该用DTS去衡量更好,spread change 主要是衡量investment-grade bonds.
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Nicholas2022-05-11 11:38:10
同学,早上好。
如果是高收益债券,在经济较差的时候利差本就会扩大,加上在这一时刻的资金流出(出逃)较多,经济进一步恶化,利差进一步扩大。
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