NO.PZ201812020100001104
问题如下:
Which of Easton’s statements about the liquidity and trading characteristics of high-yield and investment-grade bonds is most correct?
选项:
A. Dealers generally hold larger inventories of high-yield bonds than investment-grade bonds.
B. Both high-yield and investment-grade bonds are quoted as spreads over benchmark government bonds.
C. The bid–offer spread of high-yield bonds is normally larger than that of investment-grade bonds with similar maturities.
解释:
C is correct.
Bid–offer spreads are larger for high-yield bonds than for investment-grade bonds of similar maturity
请问A为什么不对,HYB流动性不好,dealer是不是应该储存更多来满足客户流动性呢?或者说接了很多在手上,很难卖出去?