NO.PZ201812020100000701
问题如下：
Based on Prégent’s interest rate forecast over the next 12 months, the yield curve strategy that would most likely realize the highest profit is:
选项：
A.a carry trade.
B.a bullet structure.
C.duration management by buying long-term Canadian bonds.
解释：
B is correct.
A bullet performs well when the yield curve is expected to steepen. Since Prégent’s forecast is for long rates to rise and short rates to fall, this strategy will add value to the French client’s portfolio by insulating the portfolio against adverse moves at the long end of the curve. If short rates fall, the bullet portfolio gives up very little in profits given the small magnitude of price changes at the short end of the curve.
这个题怎么理解不选a呢？
