NO.PZ2018091701000062
问题如下:
During a recession period, the price of investment grade corporate bonds will:
选项:
A.increase because of interest rate lower.
B.decrease because of credit risk premium higher than government bonds.
C.decrease because of interest rate higher.
解释:
B is correct.
考点:信用补偿与经济周期。
解析:在经济衰退期,?大家都会去买国债避险,因为违约风险低;?不会买公司债,因为违约风险高。
公司债credit risk premiums 变大,导致折现率的上涨,所以公司债的价格是下降的。
我记得之前一个题的答案就是在recession时候investment grade bond价格上涨啊 而且大家在recession时会避险怎么价格反而下跌了 不理解