郭同学2018-12-12 13:50:12

A macro topic for this week’s fixed-income committee is the possibility that the US Federal Reserve Board (Fed) will raise the federal funds rate (FFR) 25 bps at their next meeting. Quantum’s committee believes that the Fed is likely to hold off raising the FFR for at least six months because of weak economic data, and that weakness will be seen in the upcoming payroll numbers. Quantum expects the monthly non-farm payroll report to show that the US labor market added only 90,000 jobs this month, roughly in line with consensus expectations. The committee is debating what will happen to the short end of the US yield curve (and what will happen subsequently to short-dated bond prices) if the payroll report comes in at the level they expect. 题干部分如上，题目如下 Q. Which of the following is the most likely impact on short-term bond prices if Quantum’s expectations regarding the payroll report are correct? No change Fall Rise 这题我选的是fall，但是答案是no change哎，请老师解答，不太懂经济下行期为啥不是fall