NO.PZ2023040601000081
问题如下：
Carlisle predicts that Country #3 will slip into a recession next quarter. She thinks it will be short-lived, lasting only 12 months or so, and considers the impact of such a recession on the performance of the country’s stocks and bonds.
Based on Exhibit 2, if Carlisle’s prediction for Country #3 is realized, then over the next 12 months:
选项：
A.
Bond A would be expected to outperform Bond C.
B.
Bond B would be expected to outperform Bond A.
C.
Bond C would be expected to outperform Bond B.
解释：
If Country #3 experiences a recession over the next 12 months, the credit spreads for corporate bonds would be expected to widen as investors sell the low-quality debt of issuers with high default risk and trade up to the higher-quality debt of issuers with low default risk. The issuers with a good credit rating (like Aaa rated Bond A) tend to outperform those with lower ratings (like B3 rated Bond C) as the spread between low and higher quality issuers widens. As a result, Bond A would be expected to outperform Bond C over the next 12 months
slip into recession: yield curve upward slopping, 经济马上就要恢复，马上复苏 这种情况下，预期未来经济会变好，不应该是bond c outperform吗？
