NO.PZ201812020100001005
问题如下：
Based on Petit’s expectations for US and European corporate bonds, which of the following positions relative to the portfolio’s benchmark should she recommend?
选项：
解释：
B is correct.
Petit should recommend markets in which yields are expected to decline relative to other markets. As a result, Petit should recommend overweighting US bonds relative to European bonds and overweighting US five-year BB bonds relative to US two-year BB bonds.
老师您好， 请看这句话-----Furthermore, the spread curve for US corporate bonds indicates that the average spread of five-year BB bonds exceeds the average spread of two-year BB bonds by +90 bps. Petit expects the difference between average credit spreads for these two sectors to narrow to +50 bps
我看见有人问过了但是我觉得解释的并不清楚， 题目说了现在两者差90 但是很快两者就只差50了， 那么我的理解是 5年bond的spread下降， 价格即将上涨 为啥会underweight呢？ 难道不是判断价格即将上涨 我应该overweight吗？
谢谢
