Are you an expert on the bond market?

Take the test to find out. Complete the questions below and see how much you really know about fixed-income.

1.

What bond rating is defined by Standard & Poors as junk status?

B+

BB or lower

A-

2.

What was the 10-year Treasury yielding in 1981?

15.48%

17.23%

13.89%

3.

Of today's 1,789 bond mutual funds, what percentage of them were around in 1981?

5%

43%

73%

4.

When was the last time the Fed raised interest rates?

March 2009

July 2006

October 1982

5.

What's the Fed's total quantitative easing investment to date?

$890 billion

$6.3 trillion

$2.2 trillion

6.

When did the Pimco Total Return Bond Fund surpass the Vanguard 500 Index Fund to become the largest mutual fund of any kind?

April 1999

December 2008

September 2002

7.

China is the largest foreign holder of U.S. Treasuries at $1.2 trillion, but what country is the second-largest holder at $1.1 trillion?

Germany

Japan

Saudi Arabia

8.

When was the last time prior to 2012 that the 10-year Treasury bond yielded less than 2%?

1966

2001

1949

9.

What was the average spread in basis points between investment-grade corporate bonds and U.S. Treasuries as of Feb. 28?

98

144

212

10.

What is the current average spread in basis points between high-yield bonds and investment-grade corporate bonds?

210

266

348

11.

During how many periods has the Fed raised interest rates more than once since 1981?

3

4

2

12.

What is the U.S. government's current S&P credit rating?

AA

AAA

AA+

13.

What sovereign issuers currently have a higher credit rating than the U.S.? Pick 3.

China

Germany

Finland

France

Canada

Saudi Arabia

Japan

14.

How much U.S. government debt is held by the public?

$10.2 trillion

$11.6 trillion

$14.7 trillion

15.

What was the sovereign-debt-to-GDP ratio (including intragovernmental holdings) in the U.S at the end of 2012?

87%

94%

103%

16.

What was the volume of U.S. corporate-bond issuance last year?

$1.03 trillion

$942 billion

$884 billion

 

  @IN Wire

Jun 15 11:15AM
Advisers on the Move: Morgan Stanley lost over $650 million in AUM this week through these departures: http://t.co/3jOlIfGqHO
Jun 15 09:08AM
Detroit rocked city after debt default http://t.co/j4fhHNk646

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