anina2019-04-29 15:05:14

The implications for the shape of the yield curve under the pure expectations theory are: If the yield-curve is upward sloping, short-term rates are expected to rise. If the curve is downward sloping, short-term rates are expected to fall. A flat yield curve implies that the market expects short-term rates to remain constant. 解析中有这几个结论，不是很明白，可以解释一下吗？另外，相关知识点在哪里有讲？