问题如下:
Which of the following does investor prefer to hedge against bad consumption outcomes?
选项:
A. government bonds with long term.
B. government bonds with short term.
C. Equity.
解释:
B is correct.
考点:股票与股权风险溢价。
解析:因为Equities are a bad hedge for bad consumption outcomes,所以不选C。
在经济差的时候,人们只愿意买短期国债来对冲经济下行风险,因为对长期不看好,信心不足,所以不愿意买长期,因此选B。
经济不好,曲线不是倒挂么? 短期利息不是上升么? 而且老师说,买长期,安心,因为可以锁定长期收益率。