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Basic Question 1 of 5
When credit spreads are narrowing relative to government bonds, which type of bonds will tend to perform the best?
B. Higher-rated corporate bonds
C. Lower-rated corporate bonds
A. Government bonds
B. Higher-rated corporate bonds
C. Lower-rated corporate bonds
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
explain how the phase of the business cycle affects credit spreads and the performance of credit-sensitive fixed-income instruments;
explain how the characteristics of the markets for a company's products affect the company's credit quality;
CFA® 2025 Level II Curriculum, Volume 6, Module 37.