这道题的理解思路是什么样的
No.PZ2021050703000053 (选择题)
来源:
Compared with investment-grade bonds, the spread movements on high-yield bonds are influenced:
A less by interest rate changes and exhibit a greater correlation with movements in equity markets.
B more by interest rate changes and exhibit a greater correlation with movements in equity markets.
C less by interest rate changes and exhibit a lower correlation with movements in equity markets.
High-yield bonds can be thought of as a hybrid between investment-grade bonds and equity securities. Their spread movements are less influenced by interest rate changes than are investment-grade bonds and they exhibit greater correlation with movements in equity markets.
