NO.PZ201701230200000202
问题如下：
2. In presenting Investment 1, using Shire Gate Advisers’ interest rate outlook, Smith could show that riding the yield curve provides a total return that is most likely:
选项：
A.lower than the return on a maturity-matching strategy.
B.equal to the return on a maturity-matching strategy.
C.higher than the return on a maturity-matching strategy.
解释：
C is correct.
When the spot curve is upward sloping and its level and shape are expected to remain constant over an investment horizon (Shire Gate Advisers’ view), buying bonds with a maturity longer than the investment horizon (i.e., riding the yield curve) will provide a total return greater than the return on a maturity-matching strategy.
Shire Gate Advisers recently published a report for its clients stating its belief that, based on the weakness in the financial markets, interest rates will remain stable, the yield curve will not change its level or shape for the next two years, and swap spreads will also remain unchanged.
这段描述哪里提到收益率曲线向上倾斜？
