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At the End of July,the Average Yields on 10 Top-Rated

Question 79

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At the end of July,the average yields on 10 top-rated corporate bonds and 10 intermediate-grade bonds were 7.65% and 8.42% respectively.At the end of August,the average yields on 10 top-rated corporate bonds and 10 intermediate-grade bonds were 6.00% and 6.71% respectively.The confidence index _________ during August and bond technical analysts are likely to be ________.


A) increased, bullish
B) increased, bearish
C) decreased, bullish
D) decreased, bearish

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