问题
单项选择题
Which of the following statements concerning taxable bonds is TRUE（）
A. Corporates have the lowest yields, followed by Treasuries, then by corporates, which provide the highest returns.
B. Treasuries have the lowest yields, followed by corporates, then by agencies, which provide the highest returns.
C. Treasuries have the lowest yields, followed by agencies, then by corporates, which provide the highest returns.
答案
参考答案：C
解析：
The difference in yields is largely due to the default risk premium. Treasuries are considered to be default-risk free, while corporate bonds have the highest default risk.