艾同學
2022-08-24 11:12請問官網(wǎng)的這道題關(guān)于A選項該如何理解呢？錯在哪里？
所屬：CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
hongbo助教
2022-08-24 13:47
該回答已被題主采納
同學，你好
A選項里講的是roll down the yield curve，也就是benchmark的yield curve，真正的rolling down the credit curve描述如下
“Rolling down” the credit curve not only generates incremental coupon income (adjusted over time for any price difference from par) due to wider spreads but also adds return from the passage of time and the investor’s ability to sell the shorter-maturity position in the future at a lower credit spread at the end of the investment horizon.
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