问题如下：
For a high-quality debt issuer with a large amount of publicly traded debt, bond investors tend to devotemost effort to assessing the issuer’s:
选项：
A. default risk.
B. loss severity.
C. market liquidity risk.
解释：
A is correct.
Credit risk has two components: default risk and loss severity. Because default risk is quite low for most high-quality debt issuers, bond investors tend to focus more on this likelihood and less on the potential loss severity.
老师，这道题目的意思是说投资级债券，比如国债，要比high yield bond更要关心违约风险吗？ 感觉和现实很矛盾。
