NO.PZ2018123101000041
问题如下：
Exhibit 1 shows the current government spot rates for Countries A, B, and C.
Tyo presents her market views on the respective yield curves for a five-year investment horizon.
Country A: The government yield curve has changed little in terms of its level and shape during the last few years, and I expect this trend to continue. We assume that future spot rates reflect the current forward curve for all maturities.
Country B: Because of recent economic trends, I expect a reversal in the slope of the current yield curve. We assume that future spot rates will be higher than current forward rates for all maturities.
Country C: To improve liquidity, Country C’s central bank is expected to intervene, leading to a reversal in the slope of the existing yield curve. We assume that future spot rates will be lower than today’s forward rates for all maturities.
Based on Exhibit 1 and Tyo’s expectations, which country’s term structure is currently best for traders seeking to ride the yield curve?
选项：
A.Country A
B.Country B
C.Country C
解释：
A is correct.
考点：Riding the yield curve策略
解析：由表格数据可知，A国利率曲线当前状态是向上倾斜的，且Tyo预期未来5年保持不变，这样的收益率曲线预期适合Riding the yield curve策略。使用Riding the yield curve需要满足收益率曲线向上倾斜，且收益率曲线预期不变，只有A国的收益率曲线满足该要求。
看了之前的解释，老师只一句话解释C最后一句不对，我还是不明白。请老师展开解释，并详细对比A和C的不同之处。
C未来收益率曲线会反转向上啊，为啥C不对呢？
