- CFA Exams
- CFA Level I Exam
- Study Session 13. Fixed Income (2)
- Reading 35. Credit Analysis Models
- Subject 6. The term structure of credit spreads
CFA Practice Question
A strong economy is generally associated with _____ benchmark yields and ______ credit spreads.
A. high, low
B. low, high
C. low, low
Explanation: Default probability tends to decline, causing a lower credit spread in a strong economy.
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