All else being the same the difference between th
All else being the same, the difference between the Z-spread and the nominal spread for a non-Treasury security will be greater when:
A. maturity of the security is longer.
B. yield curve is flatter.
C. security has a bullet maturity rather than an amortizing structure.
参考解答
463***102
2024-11-17 14:23:44
Ans:A
A is correct because for short-term securities, the difference between the nominal spread (which does not account for the shape of the yield curve) and the Z-spread (the spread over the entire theoretical spot rate curve) is small. This difference grows with the maturity of the security and as the slope of the yield curve increases.
相似问题
关于会计法律制度与会计职业道德区别的表述中 正确的有( )A.会计法律制度是成文条例 会计职业道德的
关于会计法律制度与会计职业道德区别的表述中，正确的有( )A 会计法律制度是成文条例，会计职业道德的表现形式有成文的规定也有不成文的规范B 会计法律
If the price of a U.S. Treasury security is higher
If the price of a U S Treasury security is higher than its arbitrage-free value, an arbitrage profit can be generated by:A
Tina Mo a fixed income analyst is asked to value
Tina Mo, a fixed income analyst, is asked to value a single, default-free cash flow of $60,000 She is given the informati
华龙公司系增值税一般纳税人 2011年8月份发生的部分经济业务如下：(1)“发料凭证汇总表”显示 当
华龙公司系增值税一般纳税人，2011年8月份发生的部分经济业务如下：(1)“发料凭证汇总表”显示，当月生产车间共领1、华龙公司系增值税一般纳税人，适用的
The U.S. Treasury spot rates are provided in the f
The U S Treasury spot rates are provided in the following table:Consider a 3-year, 9% annual coupon corporate bond currently
