开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

梁 · 2022年01月24日

能解释一下为何B不对么

  1. CFA III
  2. Fixed Income

NO.PZ2021120102000032

问题如下：

Which of the following statements about the role of structured products in an active credit portfolio is most accurate?

选项：

A.

Covered bonds perform relatively well in a downturn versus other fixed income bonds with real estate exposure because a covered bond investor also has recourse to the issuer.

B.

Higher-rated ABS tranches are attractive for active investors seeking to overweight default risk when the credit cycle is in recovery.

C.

CLO tranches are more advantageous than CDO tranches with similar ratings under an economic slowdown scenario.

解释：

A is correct. Covered bonds perform relatively well in a downturn versus other fixed-income bonds with real estate exposure because the investor also has recourse to the issuer.

经济复苏的话觉得B也Ok、，，

添加评论
1 个答案
已采纳答案

pzqa015 · 2022年01月25日

嗨，从没放弃的小努力你好：


这句话结论说反了，在经济复苏时，credit spread大的资产表现更好，对应的应该是lower rated ABS tranches，而不是higher rate ABS tranches。

偏优先级ABS在经济差时更attractive，因为违约可能性小；偏劣后级的ABS在经济复苏时更attractive，因为违约可能性会下降，有超额收益。

----------------------------------------------
努力的时光都是限量版，加油！

  • 1

    回答

  • 0

    关注

  • 1194

    浏览
相关问题

NO.PZ2021120102000032 问题如下 Whiof the following statements about the role of structurerocts in active cret portfolio is most accurate? A.Coverebon perform relatively well in a wnturn versus otherfixeincome bon with reestate exposure because a covereboninvestor alsohrecourse to the issuer. B.Higher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery. C.CLO tranches are more aantageous thC tranches with similratings unr economic slowwn scenario. A is correct. Coverebon perform relatively well ina wnturn versus other fixeincome bon with reestate exposure because theinvestor also hrecourse to the issuer. 请问这句怎么理解because a covereboninvestor also hrecourse to the issuer

2024-05-21 23:25 1 · 回答

NO.PZ2021120102000032 问题如下 Whiof the following statements about the role of structurerocts in active cret portfolio is most accurate? A.Coverebon perform relatively well in a wnturn versus otherfixeincome bon with reestate exposure because a covereboninvestor alsohrecourse to the issuer. B.Higher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery. C.CLO tranches are more aantageous thC tranches with similratings unr economic slowwn scenario. A is correct. Coverebon perform relatively well ina wnturn versus other fixeincome bon with reestate exposure because theinvestor also hrecourse to the issuer. 可以理解为C和CLO在经济下滑时都没有优势，所以也没有谁比谁好的意思吗

2024-05-03 01:55 1 · 回答

NO.PZ2021120102000032 问题如下 Whiof the following statements about the role of structurerocts in active cret portfolio is most accurate? A.Coverebon perform relatively well in a wnturn versus otherfixeincome bon with reestate exposure because a covereboninvestor alsohrecourse to the issuer. B.Higher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery. C.CLO tranches are more aantageous thC tranches with similratings unr economic slowwn scenario. A is correct. Coverebon perform relatively well ina wnturn versus other fixeincome bon with reestate exposure because theinvestor also hrecourse to the issuer. ACoverebon perform relatively well in a wnturn versus other fixeincome bon with reestate exposure because a covereboninvestor also hrecourse to the issuer.【Q1.什么叫coverebon 和衍生品中coverecall 有没有关系？什么叫 hrecourse to the issuer？】BHigher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery.【Q2.B为什么不对呢】

2024-02-03 00:53 2 · 回答

NO.PZ2021120102000032 问题如下 Whiof the following statements about the role of structurerocts in active cret portfolio is most accurate? A.Coverebon perform relatively well in a wnturn versus otherfixeincome bon with reestate exposure because a covereboninvestor alsohrecourse to the issuer. B.Higher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery. C.CLO tranches are more aantageous thC tranches with similratings unr economic slowwn scenario. A is correct. Coverebon perform relatively well ina wnturn versus other fixeincome bon with reestate exposure because theinvestor also hrecourse to the issuer. 是的，预期经济复苏，预期债券的违约概率会下降，应该提前布局High-yielbonLower-ratebon。上面这段句子能下吗？ 为啥high yielbonlower-rate bon 不是high coupon rate bon吗？

2023-05-14 23:46 1 · 回答

NO.PZ2021120102000032问题如下 Whiof the following statements about the role of structurerocts in active cret portfolio is most accurate? A.Coverebon perform relatively well in a wnturn versus otherfixeincome bon with reestate exposure because a covereboninvestor alsohrecourse to the issuer. B.Higher-rateAtranches are attractive for active investors seeking to overweight fault risk when the cret cycle is in recovery. C.CLO tranches are more aantageous thC tranches with similratings unr economic slowwn scenario. A is correct. Coverebon perform relatively well ina wnturn versus other fixeincome bon with reestate exposure because theinvestor also hrecourse to the issuer. CLO和C能否比较一下？适用场景？

2022-04-22 10:20 1 · 回答