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12345678wdv · 2024年11月07日

C选项 债券收益率 在 curve 上方,不是被高估了吗,为什么是低估,高估低估如何理解呢

NO.PZ2020042003000085

问题如下:

Yield curve shapes have critical implications for the investment decisions, which of the following is NOT correct?

选项:

A.

the yield curve contains an implicit forecast of future interest rate changes. Positively sloped yield curves reflect the average expectation in the market that future short-term interest rates will be higher than today.

B.

Yield curves provide a clue about overpriced and underpriced securities.

C.

a security whose yield lies above the curve represents a tempting sell situation.

D.

In the long run, yield curves send signals about what stage of the business cycle the economy presently occupies.

解释:

考点:对Risk Management for Changing Interest Rates: ALM and Duration Techniques-ALM

的理解

答案:C

解析:

当债券的yield位于Curve之上时,合理的策略应该是买入该债券。因此C选项表述错误。

如题

1 个答案
已采纳答案

pzqa27 · 2024年11月07日

嗨,努力学习的PZer你好:


您可以这么想,债券收益率比 curve的高,那么我们持有债券可以获取一个更高的收益率,所以我们应该买入债券,因此债券价格是被低估的,因为只有低估的产品我们才会买入,被高估的产品是要被卖出的。

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NO.PZ2020042003000085 问题如下 Yielcurve shapes have criticalimplications for the investment cisions, whiof the following is NOTcorrect? the yielcurve contains implicit forecastof future interest rate changes. Positively slopeyielcurves refletheaverage expectation in the market thfuture short-term interest rates will behigher thtoy. Yielcurves provi a clueabout overpriceanunrpricesecurities. a security whose yiellies above the curverepresents a tempting sell situation. Inthe long run, yielcurves sensignals about whstage of the business cyclethe economy presently occupies. 考点对Risk Management for Changing InterestRates: ALM anration Techniques-ALM的理解答案C解析当债券的yiel于Curve之上时,合理的策略应该是买入该债券。因此C表述错误。 positive slope yielcurve是什么意思。。。

2024-07-30 10:18 3 · 回答

NO.PZ2020042003000085 问题如下 Yielcurve shapes have criticalimplications for the investment cisions, whiof the following is NOTcorrect? the yielcurve contains implicit forecastof future interest rate changes. Positively slopeyielcurves refletheaverage expectation in the market thfuture short-term interest rates will behigher thtoy. Yielcurves provi a clueabout overpriceanunrpricesecurities. a security whose yiellies above the curverepresents a tempting sell situation. Inthe long run, yielcurves sensignals about whstage of the business cyclethe economy presently occupies. 考点对Risk Management for Changing InterestRates: ALM anration Techniques-ALM的理解答案C解析当债券的yiel于Curve之上时,合理的策略应该是买入该债券。因此C表述错误。 可以一下各个吗

2023-10-30 11:10 1 · 回答

NO.PZ2020042003000085 Yielcurves provi a clueabout overpriceanunrpricesecurities. a security whose yiellies above the curverepresents a tempting sell situation. Inthe long run, yielcurves sensignals about whstage of the business cyclethe economy presently occupies. 考点对Risk Management for Changing InterestRates: ALM anration Techniques-ALM 的理解 答案C 解析 当债券的yiel于Curve之上时,合理的策略应该是买入该债券。因此C表述错误。 为什么是未来的短期利率而不是长期利率?

2021-09-22 08:47 1 · 回答

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2021-05-04 07:33 2 · 回答