问题如下：
Yield curve shapes have critical
implications for the investment decisions, which of the following is NOT
correct?
选项：
A. the yield curve contains an implicit forecast
of future interest rate changes. Positively sloped yield curves reflect the
average expectation in the market that future short-term interest rates will be
higher than today.
B.
Yield curves provide a clue
about overpriced and underpriced securities.
a security whose yield lies above the curve
represents a tempting sell situation.
In
the long run, yield curves send signals about what stage of the business cycle
the economy presently occupies.
解释：
考点：对Risk Management for Changing Interest
Rates: ALM and Duration Techniques-ALM
的理解
答案：C
解析：
当债券的yield位于Curve之上时，合理的策略应该是买入该债券。因此C选项表述错误。
the yield curve contains an implicit forecast of future interest rate changes. Positively sloped yield curves reflect the average expectation in the market that future short-term interest rates will be higher than today.
题目翻译过来时：未来短期的远期利率（如t1时刻的的1Y利率）会大于t0时刻的1Y利率吗？
