NO.PZ2018101501000055
问题如下:
In which of the following situations, the use of short-term debt is greater when everything else hold constant?
选项:
A.A market with high inflation.
B.A country with high GDP growth.
C.A market with large institutional investors.
解释:
A is correct.
考点:Practical Issues in Capital Structure Policy
解析:当通货膨胀比较高时,总体来说债券投资会降低,而债券投资中更倾向于投资短期债。
GDP高速增长,利空债市,为什么不是缩短久期,选择短债,而是投longer debt maturiy呢?