NO.PZ2023052301000033
问题如下:
Changes in the required margin for a floater usually come from:
选项:
A.shifts in the yield curve.
changes in credit risk.
increases or decrease in inflation.
解释:
B is correct. The required margin is the yield spread over or under a reference rate, reflecting the credit risk of an issuer. Changes in the required margin typically come from a change in the issuer’s credit risk.
A and C are incorrect. Both risks, as “top-down” or macroeconomic risks, would be reflected in changes in the MRR, not in a spread such as the required margin.
shifts in the yield curve.代表什么