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CFA问答
CFA问答包含CFA在线课程、CFA通关课程、CFA试题等所有CFA相关问题，每个问题老师均会在24小时内给出答疑回复哦！
老师，这里题目说bond yields have been higher，是说DM的债券yield会上升，那债券价格应该下降，会导致capital loss才对吧？答案是说capital gain，可以帮忙看看应该怎么理解吗？谢谢
想问下这里标准答案是capital account surplus降低，current account deficit也降低。请问所谓这两个账户此消彼长是不是指的是两个账户的净值，以这里举例，current account的balance是增加的，capital account的balance是减少的？
老师您好，请问credit rating migration can cause spread risk to become realized.这句话啥意思。With respect to risk considerations for investment-grade bonds, Larent is most likely correct with respect to spread risk. Spread risk is a function of credit migration. For investment-grade bonds, the risk of credit rating migration (credit deterioration) is greater than the risk of actual credit loss. Accordingly, credit spread volatility, as opposed to outright credit default loss, is a more relevant consideration as it relates to investment-grade bonds. Spread duration measures the credit spread volatility risk in a portfolio of investment-grade bonds.
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精品问答
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