CFA三级2021Mock固定收益PMQ32

麻烦老师解释下B问 为什么流动性变好了却有了更高的风险补偿？一般流动性溢价补偿的都是流动性更差的资产。 With the US corporate index spreads close to all-time historic lows, Newman discus adding exposure to emerging markets corporates for those portfolios that allow for th inclusion from prospectus guidelines. Newman makes the following statements in favor emerging markets corporate bonds within the context of the current environment: ystatement 1: Commodity prices should rise and support the credit profiles of emergi markets corporates more than US corporates, all else being equal. Statement 2: Trading liquidity in emerging markets corporate bonds is improving. an investors are being compensated for this risk with the additional spread. Statement 3: The higher degree of government ownership in emerging markets corporation provides downside protection for international bondholders in the event that defaults rise Newman and Jones believe that global interest rates will remain stable over the next si months and are discussing inter-market carry trades in the sovereign debt market as a way to augment portfolio performance for their US clients. Bonita's trading desks provide the data shown in Exhibit 1.