问题
单项选择题
With respect to major bond markets around the world, which of the following statements is most accurate
A. Investors in one country that acquires bonds issued by the government of another country are believed to be risk-free.
B. The factors that affect yield spreads in the U. S. are different than the factors that affect yield spreads in other countries and between countries.
C. An investor in one country that buys bonds denominated in the currency of another country has unknown cash flows in the investor's domestic currency.
答案
参考答案：C
解析： 投资者购买国外政府的债券仍然有主权风险，并不是无风险的，所以选项A错误。美国市场里影响收益率溢价的因素也同样影响其他国家的收益率溢价以及国家和国家之间的收益率溢价，比如流动性风险因素、违约风险因素等，所以选项B错误。投资者购买了以其他国家货币计价的债券，因为会受到汇率变动因素的影响，所以以本国货币计算的该债券的现金流是未知的。