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考拉 · 2023年12月23日

经济周期SLOWDOWN,不应该是INVERT 吗

NO.PZ2022122601000007

问题如下:

Observation 3The current yield curve for Country Y suggests that the business cycle is in the slowdown phase, with bond yields starting to reflect contractionary conditions.

Based on Observation 3, Wakuluk most likely expects Country Y’s yield curve in the near term to:

选项:

A.invert B. flatten C.

steepen

解释:

Correct Answer: C

C is correct. The current yield curve for Country Y suggests that the business cycle is in the slowdown phase (curve is flat to inverted), with bond yields starting to reflect contractionary conditions (i.e., bond yields are declining). The curve will most likely steepen near term, consistent with the transition to the contractionary phase of the business cycle, and be the steepest on the cusp of the initial recovery phase.

中文解析:

正确答案:C

C正确。Y国当前的收益率曲线表明,商业周期正处于放缓阶段(曲线从平坦到倒挂),债券收益率开始反映紧缩状况(即债券收益率正在下降)。这条曲线很可能在短期内变得更陡,与商业周期向收缩阶段的过渡相一致,并且在初始复苏阶段的尖端是最陡的。

根据讲义,经济周期SLOWDOWN,收益率曲线不应该是INVERT 吗?不明白收益率曲线CONTRACTORY是什么意思

1 个答案
已采纳答案

笛子_品职助教 · 2023年12月24日

嗨,从没放弃的小努力你好:


根据讲义,经济周期SLOWDOWN,收益率曲线不应该是INVERT 吗?不明白收益率曲线CONTRACTORY是什么意思

Hello,亲爱的同学~

这是本题的已知条件。

虽然经济是slowdown,但收益率曲线已经在反应contration。


本题给的已知条件,与讲义确实不一致。

但同学不必纠结本题的已知条件是不是给错了。

同学就顺着这道题的问题来做,本题问题是:收益率曲线在反应contraction,那么收益率曲线是什么形状的。

根据所学知识点,contraction对于steepen。因此选陡峭即可。

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