SECTION 3.2 PRIORAT’S EXPLANATION OF KEY RATE DURATION IS ACCURATE, WH...

5.) With regard to evaluating secondary market trades, Priorat is least likely correct with

respect to:

A. credit-upside trades.

B. yield/spread pickup trades.

C. curve-adjustment trades.

Answer = B

“Relative-Value Methodologies for Global Credit Bond Portfolio Management,” Jack

Malvey