a steepening of the yield curve can increase the yield on long-term bond but leave the yield on short-term bond unchanged. 请问这句话如何理解？？？ 如果是yield curve steepening, 应该是未来的interest rate rises faster than the current interest rate. 但是bond yield怎么可以increase呢？ 我只想到了floating rate解释。
请问对这句话的全面解释是什么？ 谢谢
作者: haochao 时间: 2011-1-16 02:48
.....The curve can get steepen in response to higher expected inflation in the future; 總覺得句子說反了。。 a steepening of the yield curve應該會讓Fed to change(cut) the short-term rate and leave LT rate unchanged吧。。 during economy downtown;
