- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 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.
User Contributed Comments 0
You need to log in first to add your comment.