张同学2018-10-29 16:53:01

老师您好！ reading24课后题第12题提到loses curvature，我画了图应该是指图一、图二，但是我想问的是：图三、图四是不是也是一种可能性呢？这样就增加了curvature呀？ 谢谢老师！ C is correct. Hirji proposes an extreme bullet portfolio focusing on the middle of the yield curve. If the forecast is correct and the yield curve loses curvature, the rates at either end of the curve will rise or the intermediate yields will drop. As a result, bonds at the ends of the yield curve will lose value or the intermediate bonds will increase in value. In either case, the bullet portfolio will outperform relative to a more diverse maturity index portfolio like the benchmark. (Institute 225) Institute, CFA. 2019 CFA Program Curriculum Level III Volume 4. CFA Institute, 5/2018. VitalBook file.