开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

natalie2003 · 2020年11月05日

问一道题:NO.PZ201710100100000306 第6小题 [ CFA II ]

* 问题详情,请 查看题干

问题如下:

6. If Carlisle’s prediction about the economy of Country #3 is realized, the yield curve in Country #3 will most likely:

选项:

A.

remain flat.

B.

become upward sloping.

C.

become downward sloping.

解释:

B is correct.

The yield curve in Country #3 is currently flat (Exhibit 1), and Carlisle predicts a recession. During a recession, short-term rates tend to be lower because central banks tend to lower their policy rate in these times. However, the impact of monetary policy on longer-term rates will not be as strong because the central bank will usually be expected to bring short-term rates back to normal as the recession recedes. Thus, the slope of the yield curve will likely become upward sloping during the recession.

考点:yield curve

解析:题干问的是 prediction is realized的情况,Carlisle预测的是recession,也就是说recession已经发生了。原收益率曲线是flat,进入recession,央行降息对短期收益率影响更大,因此yield curve向上倾斜。

预测实现=预测成真=真的要衰退了,这样理解有什么错误么……二级的题感觉这样的坑挺多。
1 个答案

星星_品职助教 · 2020年11月05日

同学你好,

预测成真说明衰退了。而衰退(recession)会导致yield curve向上倾斜。

during recession---upward sloping,这是这个地方考的最多的一个考点。

  • 1

    回答
  • 1

    关注
  • 680

    浏览
相关问题

NO.PZ201710100100000306 问题如下 If Carlisle’s prection about the economy of Country #3 is realize the yielcurve in Country #3 will most likely: A.remain flat. B.become upwarsloping. C.become wnwarsloping. B is correct. The yielcurve in Country #3 is currently fl(Exhibit 1), anCarlisle prects a recession. ring a recession, short-term rates tento lower because centrbanks tento lower their polirate in these times. However, the impaof monetary polion longer-term rates will not strong because the centrbank will usually expecteto bring short-term rates bato normthe recession reces. Thus, the slope of the yielcurve will likely become upwarsloping ring the recession.考点yielcurve解析题干问的是 prection is realize的情况,Carlisle 预测的是recession,也就是说 recession 已经发生了原收益率曲线是 flat,进入 recession,央行降息对短期收益率影响更大,因 此yielcurve 向上倾斜 如果他预测成功,将来会进入衰退,那在衰退之前,曲线不应该是平的或者向下么

2024-02-23 14:54 1 · 回答

NO.PZ201710100100000306 问题如下 6. If Carlisle’s prection about the economy of Country #3 is realize the yielcurve in Country #3 will most likely: A.remain flat. B.become upwarsloping. C.become wnwarsloping. B is correct. The yielcurve in Country #3 is currently fl(Exhibit 1), anCarlisle prects a recession. ring a recession, short-term rates tento lower because centrbanks tento lower their polirate in these times. However, the impaof monetary polion longer-term rates will not strong because the centrbank will usually expecteto bring short-term rates bato normthe recession reces. Thus, the slope of the yielcurve will likely become upwarsloping ring the recession.考点yielcurve解析题干问的是 prection is realize情况,Carlisle预测的是recession,也就是说recession已经发生了。原收益率曲线是flat,进入recession,央行降息对短期收益率影响更大,因此yielcurve向上倾斜。 是不是可以把这个当成结论来记住,比如 recession 就能推导出 upwarsloping那进入繁荣期,是不是就是wnwarsloping?知识点太多,我没记住,还请老师指正下,谢谢老师。

2023-02-16 16:17 1 · 回答

NO.PZ201710100100000306 题目没设定期限,短期肯定是UPLOA但是长期(一年以上)又会FL或者WNLO吧,看的时候也纠结了下。请问怎么判断,谢谢

2021-04-14 09:40 1 · 回答

NO.PZ201710100100000306 become upwarsloping. become wnwarsloping. B is correct. The yielcurve in Country #3 is currently fl(Exhibit 1), anCarlisle prects a recession. ring a recession, short-term rates tento lower because centrbanks tento lower their polirate in these times. However, the impaof monetary polion longer-term rates will not strong because the centrbank will usually expecteto bring short-term rates bato normthe recession reces. Thus, the slope of the yielcurve will likely become upwarsloping ring the recession. 考点yielcurve 解析题干问的是 prection is realize情况,Carlisle预测的是recession,也就是说recession已经发生了。原收益率曲线是flat,进入recession,央行降息对短期收益率影响更大,因此yielcurve向上倾斜。为什么是upwarloping?

2021-03-11 12:25 3 · 回答

NO.PZ201710100100000306 这里是预测会在下季度进入recession,那么如果是预测,应该是向下倾斜的才是预测有recession,steepen的预测则是经济向好,growth,这题和之前讲义里的不一致,麻烦解析一下,感谢

2021-03-06 07:13 3 · 回答