源_品职助教 · 2020年10月20日
嗨，努力学习的PZer你好：
Although inflation rose modestly, the central bank cut its policy rate by 50 bps in response to weakening growth.这句话中policy rate是短期利率，短期利率下降了50个BPS
The 10-year government yield declined only a few basis points,这句话表明长期利率下降了几个BPS
因为长期利率比短期下降的多，所以收益率曲线变陡峭。
-------------------------------努力的时光都是限量版，加油！
