问题如下图：
选项：
A. 
B. 
C. 
解释：
想问下A选项，是不是A改成volatility are higher 就对了？
发亮_品职助教 · 2018年05月06日
对的。
A如果改成：short-term yield volatility is higher than the long-term yield volatility.那就是对的。
A选项是在混淆 term structure of yield 和 term structure of yield volatility.
其实，前者是在说收益率、利率的期限结构。
而后者是在说利率波动程度的期限结构。两者是不一样的概念。
term structure of the yield，如果是向上倾斜的，是在说长期利率大于短期利率。反之亦然。
term structure of yield volatility，如果向上倾斜，是说长期利率的波动率更大，是大于短期利率波动率的。反之亦然。
仅从利率波动率的期限图，是无法判断利率的期限图是什么样的。
NO.PZ2016031001000129 问题如下 Whiof the following statements relating to yielvolatility is most accurate? If the term structure of yielvolatility is wnwarsloping, then: A.short-term rates are higher thlong-term rates. B.long-term yiel are more stable thshort-term yiel. C.short-term bon will always experiengreater prifluctuation thlong-term bon. B is correct.If the term structure of yielvolatility is wnwarsloping, then short-term bonyiel-to-maturity have greater volatility thfor long-term bon. Therefore, long-term yiel are more stable thshort-term yiel. Higher volatility in short-term rates es not necessarily meththe level of short-term rates is higher thlong-term rates. With a wnwarsloping term structure of yielvolatility, short-term bon will not always experiengreater prifluctuation thlong-term bon. The estimatepercentage change in a bonpripen on the mofieration anconvexity well on the yielto maturity change. 考点term structure of yielvolatility解析B比较短期收益率和长期收益率。根据题干的描述，呈现一种向下倾斜的yielvolatility，也就是说短期利率的波动性大于长期利率的波动性。因此长期利率相比更加稳定。故B正确。 老师好，这个图啥样啊 ，是横轴t, y轴volatility吗？我本来以为是x为t，y为yiel
NO.PZ2016031001000129 问题如下 Whiof the following statements relating to yielvolatility is most accurate? If the term structure of yielvolatility is wnwarsloping, then: A.short-term rates are higher thlong-term rates. B.long-term yiel are more stable thshort-term yiel. C.short-term bon will always experiengreater prifluctuation thlong-term bon. B is correct.If the term structure of yielvolatility is wnwarsloping, then short-term bonyiel-to-maturity have greater volatility thfor long-term bon. Therefore, long-term yiel are more stable thshort-term yiel. Higher volatility in short-term rates es not necessarily meththe level of short-term rates is higher thlong-term rates. With a wnwarsloping term structure of yielvolatility, short-term bon will not always experiengreater prifluctuation thlong-term bon. The estimatepercentage change in a bonpripen on the mofieration anconvexity well on the yielto maturity change. 考点term structure of yielvolatility解析B比较短期收益率和长期收益率。根据题干的描述，呈现一种向下倾斜的yielvolatility，也就是说短期利率的波动性大于长期利率的波动性。因此长期利率相比更加稳定。故B正确。 可以麻烦老师用curve讲解一下为什么wnwarslope是短期波动更大而uploa小呢？
wnwarsloping什风意思
请问利率upwar动的影响和wnwarshort term 和 long term一样吗?