So, according to the expectations theory augmented with liquidity preference-- This strongly upward-sloping term structure in 2003 would reflect two things.
所以,根据结合了流动性偏好的,预期理论,2003年期限结构中表现出的,强烈上扬趋势反映了两方面的因素
Then the--so the term structure was downward-sloping until about two and a half years and then it was upward sloping.
期限结构线先向下倾斜,在到期期限过了两年半的时点后,才缓慢回升
That was way fewer responses than I wanted. Let's try again; what's the name of this downward sloping line that I've just drawn?
没几个人回答啊,我再问一遍,这条向下倾斜的曲线叫什么
It's always upward sloping, but it may, after awhile, you get close to satiation where you've got enough.
斜率永远是正的,但是也有可能,你拿的钱够多,效用将不再上升
The upward-sloping term structure means that the forward rates are at higher levels.
尾部上扬的期限结构表明,远期利率处于高位
Now, the term structure was pretty much upward-sloping everywhere.
这里期限结构的走势显然一直向上倾斜
Look how--this is as of earlier this year; the Federal Funds Rate was at around 4% and it has this huge drop in the term structure and then it starts the upward-sloping.
这是今年早些时候的图形,当时联邦利率徘徊在4%,但期限结构,在此处急转直下之后又开始掉头向上
That's a strongly downward-sloping term structure.
这是个显著向下倾斜的期限结构
It's probably upward sloping, right?
斜率应该是正的,对吧
应用推荐