NO.PZ2020042003000084
问题如下:
While the yield curve presents valuable
information it has several limitations, which of the following statements is
NOT the limitations of yield curve?
选项:
A. Uncertainty over exactly how
and why the curve appears the way it does at any particular moment.
Does not tell the possibility
of a change in the curve’s shape at any time.
The yield curve does not tell
the timing of cash flows expected from a security.
The
yield curve does not tell the how market interest rates differ varying term
(time) to maturity.
解释:
考点:对Risk Management for Changing Interest
Rates: ALM and Duration Techniques-ALM
的理解
答案:D
解析:
选项D描述错误,D选项描述的就是Yield curve的定义:how market interest rates
differ varying term (time) to maturity.
the timing of cash flows expected from a security这句话怎么理解呢