标题: L 3 Yield curve 问题 [打印本页] 作者: cchang 时间: 2013-8-11 09:31 标题: L 3 Yield curve 问题
Notes第五本 P44 "Changes in asset class expected returns" 中最后一句提到"if the yeld curve is steep, bonds should perform well relative to cash" 请问老师这是为什么, 请指教. 多谢作者: smuggycfa 时间: 2013-8-11 09:31
Steepening yield curve means that the yield on bond will become higher, and thus we will earn more yield than cash if we allocate more on bond.
