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Basic Question 5 of 10
Which statement is an interpretation of an upward-sloping yield curve?
B. Bond market participants expect short-term interest rates to decline.
C. Short-dated bonds are less positively (or more negatively) correlated with bad times than are long-dated bonds.
A. Government bonds tend to pay off in bad economic times.
B. Bond market participants expect short-term interest rates to decline.
C. Short-dated bonds are less positively (or more negatively) correlated with bad times than are long-dated bonds.
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Barnes
Learning Outcome Statements
explain how the phase of the business cycle affects policy and short-term interest rates, the slope of the term structure of interest rates, and the relative performance of bonds of differing maturities;
describe the factors that affect yield spreads between non-inflation-adjusted and inflation-indexed bonds;
CFA® 2025 Level II Curriculum, Volume 6, Module 37.