Widening Spreads following, corporate, presented, industrial

Palantir

**This question is from the 2008 Sample Essays**

Question 5 presents the following scenario:
- Widening Credit Spreads
- Declining Interest Rates (Parallel Shift)

The following action is then presented:
Buy 7-year Ba2/BB
industrial corporate bonds;
Sell 7-year Baa3/BBB
industrial corporate bonds.

CFAI states that the above action would have a NEGATIVE impact on the portfolio due to the increased spread widening of the junk bonds.

Am I missing something obvious? We are selling the junk bonds, and their spreads are widening more than the HQ bonds -- Thus, their price is going down more. Isn't this the exact reason we would want to sell those and purchase the HQ bonds?