NO.PZ2020042003000081
问题如下：
The following statements are about the
yield curve strategies named carry trade, which of the following statements
about carry trade is NOT correct?
选项：
A. when the yield curve is upward sloping, borrow
funds at the shortest end of the curve and then invest the borrowed funds in
income-generating assets farther out along the curve.
B. The
difference between these short-term and long-term rates of return is called
carry income.
C. By doing carry trade, investors are expecting
securities prices rise significantly when yields have fallen and sell those
securities, scoring a capital gain due to the recent rise in their prices.
D. The
return of carry trade tends to be greatest when the yield curve has a steep
upward slope
解释：
考点：对Maturity Management Tools的理解
答案：C
解析：
选项C的表述错误，Carry
trade期望赚取的是息差，C选项描述的是Riding the
yield curve预期赚取的收益。
能解释一下？？？？？
