Reading 29

I found this section to be out there compared to what’s normally presented. They kept quoting various passages and wanted you to interpret them.
BTW, I still haven’t looked up what the crossover sector/segment of the fixed income market is.
 
When I read that, I initially thought of crossover investors, i.e. folks investing in munis even though they are tax-exempt or something like that.
It really means that are given a rating by the agencies that lie on the border of investment-grade and HY.
 
calling all re-takers, has cfa ever actually used this question format? Specifically having a quote and then asking for clarification? Or can we treat this like the bric reading? Ie too specific to matter…
 
cmb7 Wrote:
——————————————————-
> calling all re-takers, has cfa ever actually used
> this question format? Specifically having a quote
> and then asking for clarification? Or can we treat
> this like the bric reading? Ie too specific to
> matter…
I don’t recall them doing that in 2010.
 
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