- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 1. Portfolio Risk and Return: Part I
- Subject 1. Historical Return and Risk
CFA Practice Question
Long-term government bond price are volatile (risky) mainly because of ______.
B. interest rate risk
C. sovereign risk
A. inflation risk
B. interest rate risk
C. sovereign risk
Correct Answer: B
Interest rate risk is the main risk for this type of assets (due to possible future changes in interest rates). Bondholders face inflation risk as well.
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