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Basic Question 9 of 12
Which statement(s) is/are true?
II. The yield spread difference between IG bond ratings is generally narrower than the difference between IG and HY.
III. As the business cycle improves, credit spreads narrow and investors are willing to assume more credit risk.
I. HY bonds are more sensitive to changing macroeconomic and credit conditions.
II. The yield spread difference between IG bond ratings is generally narrower than the difference between IG and HY.
III. As the business cycle improves, credit spreads narrow and investors are willing to assume more credit risk.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe macroeconomic, market, and issuer-specific factors that influence the level and volatility of yield spreads
CFA® 2024 Level I Curriculum, Volume 4, Module 14.