经济不好的时候不买国债买什么

问题如下：

In which of the following situations the investors are most likely to invest in a sovereign debt?

选项：

A.

There is an under-average trend GDP growth.

B.

The population is young and growing.

C.

The political institutions of the sovereign country have some challenges.

解释：

B is correct.

If the sovereign country’s population is young and growing, it will have a growth GDP and a broader tax base supporting the government debt. A is incorrect because it needs to have an above-average trend GDP growth to support debt. And it also requires an absence of challenges to political institutions. C is incorrect.

考点：sovereign debt

解析：题干的意思是让我们选一个最有可能投资国债的情况，换句话说，就是选一个对主权债券有利的因素。

A选项：经济增长低于平均水平，经济活动下降，税收减少，国家还款能力降低。不利于主权债券，故不选。

B选项：人口在增长且比较年轻，也就是有经济增长的预期，国家还款能力是增加的，有利于主权债券。因为只有在政府还款能力较好的情况下，我们最有可能去投资国债。故正确。

C选项：政治环境具有挑战，国家的还款能力是降低的，不利于主权债券，故不选。