Months and interpret the trend in the stock market

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At the end of March 2020, 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 April 2020, the average yields on 10 top-rated corporate bonds and 10 intermediate-grade bonds were 6% and 6.71%, respectively. Compute the confidence index for these two months and interpret the trend in the stock market using these ratios that were computed from the information provided by the bond market

Reference no: EM132524006

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