NO.PZ2022061303000066
问题如下:
Which of the following events will most likely increase the short-term bond yield volatility?
选项:
A.Slow economic growth expectation
B.Central bank engaging in expansionary monetary policy
C.High inflation expectation
解释:
B is correct. A central bank engaging in expansionary monetary policy might cause the yield curve to steepen by reducing short-term interest rates and thus cause greater volatility in short-term bond yields to maturity than in longer-term bonds.
A is incorrect because slow economic growth expectation will have more impact on the longer-term bond yield volatility.
C is incorrect because high inflation expectation will have more impact on the longer-term bond yield volatility.
考点:yield volatility
解析:央行实施扩张性货币政策,短期利率下降,导致收益率曲线变陡,从而导致短期债券利率波动性大于长期债券利率波动性。
能否解释一下为什么选B