以下是引用youzizhang在2009-3-17 17:47:00的发言：
LOS d: Explain the swap rate curve (LIBOR curve) and discuss the reasons that market participants have increasingly used the swap rate curve as a benchmark rather than a government bond yield curve.
Q1. The swap rate curve is typically based on which interest rate?
A) The Fed Funds rate.
B) LIBOR.
C) Treasury bill and bond rates.
Q2. Which of the following is NOT a reason why market participants prefer the swap rate curve over a government bond yield curve? The swap market:
A) it is not affected by technical factors.
B) is free of government regulation.
C) reflects sovereign credit risk.
Q3. Compared to a yield curve based on government bonds, swap rate curves are:
A) less comparable across countries and have a greater number of yields at various maturities.
B) more comparable across countries and have a smaller number of yields at various maturities.
C) more comparable across countries and have a greater number of yields at various maturities.
Q4. There has been an increasing trend to measuring corporate credit spreads relative to which of the following security classes?
A) Mortgage-backed securities.
B) Swaps.
C) Treasury securities.
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发表于 2009-5-24 17:01
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