利率的简单两问

1，利率曲线为什么一般斜向上，与通货膨胀有关吗？
2，如果通胀预期增强，利率期限结构会怎么变化？

not so simple questions...

1. theorectically, yield curves are influenced by
a. time value, price to pay to spend the money now rather than later.
b. inflation expectation
c. risk premium (ie. insurance for the likelihood that your expectations may go wrong)
d. technical
So any or combination of any of the above can change the shape of the curve. they are hard
to split, unfortunately.

2. ceteris paribus, curve would shift up with higher inflation expectation.

顶一下