Rachel2019-12-05 12:44:54

老师，请问书本217页第一题答案 Riding the yield curve differs from buy and hold in that the manager is expecting to add to returns by selling the security at a lower yield at the horizon. This strategy may be particularly effective if the portfolio manager targets portions of the yield curve that are relatively steep and where price appreciation resulting from the bond’s migration to maturity can be significant.是什么意思？ hold and buy和riding the curve如何区分？有没有时间的限定？hold 可以是任何年限，riding也是任何年限吗？那一年期限的是不是两个就没有区别？能否详细讲解一下两者的概念和异同点？有些分不清楚？