GERA also offers a corporate bond research service designed to identify attractive industries for fixed-income investment based on economic cycles. GERA is currently forecasting a period of above-consensus growth.
Question
Based on GERA's global economic forecast, which of the following industries is most appropriate for GERA's corporate bond research service to recommend?
A Airline industry
B Beverage industry
C Household products industry
A is Correct
because in times of narrowing spreads, lower-rated more economically sensitive corporate bonds will tend to outperform higher-rated bonds in more stable industries. Airline bonds are generally more economically sensitive than consumer staples industries such as beverages and household products and would be likely to outperform in this environment.
这题应该是想找一个周期性强、偏评级较差的公司债吧？
这三个行业，怎么理解他们的周期性？饮料和家用产品比航空线路更算是一种必需品吗？
