NO.PZ2020033002000068
问题如下：
A portfolio manager wants to hedge the credit and interest rate risk of his Yankee bond portfolio, which of the following derivatives will you suggest?
选项：
A. A
total return swap
B. A
credit default swap
C. A
credit spread option
D. A
currency swap
解释：
A is correct.
考点：Swap
解析：
A TRS will provide protection against both interest rate and credit risk.
There is no currency risk in Yankee bonds, which are denominated in dollars anyway.
如题。请解释一下题目和产品特性，yankee
