如题
丹丹_品职答疑助手 · 2020年11月29日
嗨，努力学习的PZer你好：
同学你好，因为长期短期的spread反映了投资者对于市场的expectation，原版书表述如下：
| Because long-term yields express market expectations about the direction of short-term interest rates, and rates ultimately follow the economic cycle up and down, a wider spread, by anticipating short rate increases, also anticipates an economic upswing. Conversely, a narrower spread, by anticipating short rate decreases, also anticipates an economic downturn. |
-------------------------------加油吧，让我们一起遇见更好的自己！