Provide an example of a specific bond's change in yield (in the short term. i.e. overnight) due to a change in the issuer's credit risk. Credit risk changes as a result of a perceived change in the issuer's ability to repay principal and interest. Look for a significant news event that changed the perception of an issuer's credit risk and try to find the change in yield of one of the issuer's bonds. Describe the news event and how it impacted the issuer's credit risk and yield. You may also want to research the issuers/bonds credit rating, which measures an issuer's credit risk and therefore yield.