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小黄人 · 2018年03月31日

问一道题:NO.PZ201710100100000306 第6小题 [ CFA II ]

* 问题详情,请 查看题干

问题如下图:

选项:

A.

B.

C.

解释:

Carlisle预测将会进入recession,即将进入recession的话,yield不应该是平的或者向下吗

1 个答案

李宗_品职助教 · 2018年04月01日

你好同学,题干中说预测实现之后(realized)收益率曲线的变化,而不是将进入recession的时候收益率曲线的变化。在进入recession之后,由于政府干预,会使用降准降息的货币政策使短期的利率大幅下降(货币政策的影响主要对短期,长期影响有限,因此短期利息下降幅度大于长期利率),由此导致收益率曲线上斜。

he123456 · 2019年01月06日

那这道题的关键是在realized是吗?已经进入衰退期了 所以upward

木木__ · 2019年02月22日

真阴险这题

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NO.PZ201710100100000306 问题如下 If Carlisle’s prection about the economy of Country #3 is realize the yielcurve in Country #3 will most likely: A.remain flat. B.become upwarsloping. C.become wnwarsloping. B is correct. The yielcurve in Country #3 is currently fl(Exhibit 1), anCarlisle prects a recession. ring a recession, short-term rates tento lower because centrbanks tento lower their polirate in these times. However, the impaof monetary polion longer-term rates will not strong because the centrbank will usually expecteto bring short-term rates bato normthe recession reces. Thus, the slope of the yielcurve will likely become upwarsloping ring the recession.考点yielcurve解析题干问的是 prection is realize的情况,Carlisle 预测的是recession,也就是说 recession 已经发生了原收益率曲线是 flat,进入 recession,央行降息对短期收益率影响更大,因 此yielcurve 向上倾斜 如果他预测成功,将来会进入衰退,那在衰退之前,曲线不应该是平的或者向下么

2024-02-23 14:54 1 · 回答

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2023-02-16 16:17 1 · 回答

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2021-04-14 09:40 1 · 回答

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2021-03-11 12:25 3 · 回答

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2021-03-06 07:13 3 · 回答