NO.PZ2023010301000166
问题如下：
Compared with investment-grade bonds, the spread movements on high-yield bonds are influenced:
选项：
A.less by interest rate changes and exhibit a greater correlation with movements in equity markets.
more by interest rate changes and exhibit a greater correlation with movements in equity markets.
less by interest rate changes and exhibit a lower correlation with movements in equity markets.
解释：
Correct Answer: A
High-yield bonds can be thought of as a hybrid between investment-grade bonds and equity securities. Their spread movements are less influenced by interest rate changes than are investment-grade bonds and they exhibit greater correlation with movements in equity markets.
如题
