high yield bond因为credit spread更大,所以在interest rate上升时,价格反而下降的更少(r上升,credit spread下降的跟多,有offset的效果) 这个原理描述正确,正是这个原理导致了High yield bond对利率相对不太敏感,他的Empirical duration远小于自身的Effective duration。 是不是也是同一个原因导致了high yield bond的bid...
C. High-yield credit spread curves often invert because of the empirical observation that DTS is the best way to measure high-yield bond price changes. 解释: B is correct. Investors should exercise caution in interpreting credit spread curve shape for distressed debt issuers because their bonds t...
High-yield bond spreads are beneficial to investors because they can be used to assess the credit markets and evaluate the state of the economy. For example, if the spread between two bonds becomes larger, it implies that there is a higher default risk in junk bonds. Therefore, it indicates...
credit risk spreadsdefault riskspeculative gradeThe overall growth and volatility in the high yield (HY) bond market has provided a viable source of capital and an interesting investment asset class. The result has been strong interest in the HY bond credit risk spread (CRS) because this series...
High Yield Spread All of the bond's different risks -- credit quality, duration, liquidity, callability -- are factored into its high yield spread. The spread is calculated as the difference between the yield on the corporate bond compared to a U.S. Treasury security of the same maturity....
A high-yield bond spread, also known as a credit spread, is the difference in the yield on high-yield bonds and a benchmark bond measure, such as investment-grade or Treasury bonds. High-yield bonds offer higher yields due to default risk. The higher the default risk the higher the inte...
Affirm offers a solid high-yield savings account and access to credit solutions without using your credit card. You can invest your money without having to enter into any credit agreements. Cons: The firm doesn’t have any branches or physical locations. Who is the account best suited for?
While some of the tightness in credit spreads relative to history can be explained by the high yield market’s short duration and higher quality relative to historical measures, it does not change the fact that the market is pricing in the best of all possible outcomes. It certainly does not...
High-yield bonds (also called junk bonds) are bonds that pay higher interest rates because they have lower credit ratings than investment-grade bonds.
That higher yield is known as the risk premium and the difference between it and the yields on Treasury bonds is called the spread. The higher the return on high-yield bonds, the wider the spread. Fidelity now offers new tools that make it easy to track fixed income spreads and yields ...