NO.PZ2020042003000082
问题如下：
The following statements are about the
yield curve strategies named riding the yield curve, which of the following
statements is NOT correct?
选项：
A. riding the yield curve is a
leveraged strategy, as investors need to borrow short-term and invest in
long-term.
If the yield curve does have a sufficiently strong positive slope, an investor can do riding the yield curve.
C.Riding the yield curve expects the securities prices rise significantly when yields have fallen. Investors can sell those securities, scoring a capital gain due to the recent rise in their prices
D. For
a same investment horizon, riding the yield curve can have a higher return than
buy-and-hold strategy.
解释：
考点：对Maturity Management Tools的理解
答案：A
解析：
选项A错误，A选项描述的情况属于Carry trade.
Riding the yield curve expects the securities prices rise significantly when yields have fallen.这里描述的yield为什么会下降呢？以30年期债券为例，是指0时点买入5时点卖出时相比于0时点适用的yield下降的意思吗？
