郭同學(xué)
2018-12-12 13:50A macro topic for this week’s fixed-income committee is the possibility that the US Federal Reserve Board (Fed) will raise the federal funds rate (FFR) 25 bps at their next meeting. Quantum’s committee believes that the Fed is likely to hold off raising the FFR for at least six months because of weak economic data, and that weakness will be seen in the upcoming payroll numbers. Quantum expects the monthly non-farm payroll report to show that the US labor market added only 90,000 jobs this month, roughly in line with consensus expectations. The committee is debating what will happen to the short end of the US yield curve (and what will happen subsequently to short-dated bond prices) if the payroll report comes in at the level they expect. 題干部分如上，題目如下 Q. Which of the following is the most likely impact on short-term bond prices if Quantum’s expectations regarding the payroll report are correct? No change Fall Rise 這題我選的是fall，但是答案是no change哎，請老師解答，不太懂經(jīng)濟下行期為啥不是fall
所屬：CFA Level II > 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
Chris Lan助教
2018-12-13 10:17
該回答已被題主采納
同學(xué)你好，
這題的關(guān)系是這句，roughly in line with consensus expectations
既然符合共識性的預(yù)期，就說明這個預(yù)期已經(jīng)被包含在價格里了，除非預(yù)期和現(xiàn)實情況有差別，才會重新調(diào)整價格。因為這個事本來就被預(yù)期了，所以他已經(jīng)反應(yīng)在價格里了，因此價格不變化。
0
0
0
0
