- CFA Exams
- CFA Level I Exam
- Study Session 15. Fixed Income (2)
- Reading 47. Fundamentals of Credit Analysis
- Subject 5. Credit Risk vs. Return: Yields and Spreads
CFA Practice Question
Which bonds are likely to exhibit the smallest spread volatility?
A. AAA bonds
B. AA bonds
C. High-yield junk bonds
Explanation: Lower quality bonds usually experience greater spread volatility.
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