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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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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
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.