首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news i
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news i
admin
2014-11-24
66
问题
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news is good news for bond markets and that every utterance dropping from the lips of Paul Volcker, the then chairman of the Federal Reserve, and the man who restored the central bank’s credibility by stomping on runaway inflation, should be respected than Pope’s orders. Today’s traders are, of course, a more sophisticated bunch. But the advice still seems good, apart from two slight drawbacks. The first is that the well-chosen utterances from the present chairman of the Federal Reserve, Alan Greenspan, is of more than passing difficulty. The second is that, of late, good news for the economy has not seemed to upset bond investors all that much. For all the cheer that has crackled down the wires, the yield on ten-year bonds—which you would expect to rise on good economic news—is now, at 4. 2% , only two-fifths of a percentage point higher than it was at the start of the year. Pretty much unmoved, in other words.
Yet the news from the economic front has been better by far than anyone could have expected. On Tuesday November 25th, revised numbers showed that America’s economy grew by an annual 8.2% in the third quarter, a full percentage point more than originally thought, driven by the ever-spendthrift American consumer and, for once, corporate investment. Just about every other piece of information coming out from special sources shows the same strength. New houses are still being built at a fair clip. Exports are rising, for all the protectionist crying. Even employment, in what had been mocked as a jobless recovery, increased by 125 000 or thereabouts in September and October. Rising corporate profits, low credit spreads and the biggest-ever rally in the junk-bond market do not, on the face of it, suggest anything other than a deep and long-lasting recovery. Yet Treasury-bond yields have fallen.
If the rosy economic backdrop makes this odd, making it doubly odd is an apparent absence of foreign demand. Foreign buyers of Treasuries, especially Asian central banks, who had been swallowing American government debt like there was no tomorrow, seem to have had second thoughts lately. In September, according to the latest available figures, foreigners bought only $ 5.6 billion of Treasuries, compared with $ 25. 1 billion the previous month and an average of $ 38.7 billion in the preceding four months. In an effort to keep a lid on the yen’s rise, the Japanese central bank is still busy buying dollars and parking the money in government debt. Just about everyboby else seems to have been selling.
选项
答案
C
解析
本题的特征词是主语Japanese dollar—buying,根据这个词可以把本题的相关信息定位在第三段倒数第二句话:In an effort to keep a lid on the yen’s rise,the Japanese central bank is stillbusy buying dollars and parking the money in government debt.本句的意思是:为了努力限制日元的升值,日本中央银行仍在忙于购进美元并且把这些钱转为政府债务。可以从中了解到:日本中央银行购买美元的目的是为了限制日元的升值。所以本题的正确答案是C项“对日元升值加以限制”。
转载请注明原文地址:https://kaotiyun.com/show/ucK4777K
0
考研英语一
相关试题推荐
Thefitnessmovementthatbeganinthelate1960sandearly1970scenteredaroundaerobicexercise.Millionsofindividualsbeca
VideoGameandChildtheSchoolExpressResearchersaretryingtotellparentssomethingaboutwhatkindsofvideogameschi
VideoGameandChildtheSchoolExpressResearchersaretryingtotellparentssomethingaboutwhatkindsofvideogameschi
VideoGameandChildtheSchoolExpressResearchersaretryingtotellparentssomethingaboutwhatkindsofvideogameschi
ThePredicamentthatJapaneseMenOutofOccupationFacesAfterclashesbetweenriotpoliceandprotesters,workersattheK
HudsonRiverQredgingProjectofToxicChemicalsThefirstphaseofthelong-delayeddredgingoftoxicchemicalsfromtheHu
TheRelationshipBetweenOurPersonalityandSiblingsForalongtime,researchershavetriedtonaildownjustwhatshapes
WikiSoftwareTheUnitedNations,notoriousforendlessdeliberations,istryingatechnologicalquickfix.ItsGlobalCompa
Attemptstounderstandtherelationshipbetweensocialbehaviorandhealthhavetheirorigininhistory.Dubos(1969)suggested
OnWednesday,incomingFinancialSecretaryDonaldTsangsaidheis"committedtotheprincipleandphilosophiesenshrinedbyhis
随机试题
简述审美理想在审美活动中的作用。
伤寒再燃
下列关于保管合同法律特征的论述中,正确的包括( )。
[2008年,第102题]有三个100Ω的线性电阻接成△形三相对称负载,然后挂接在电压为220V的三相对称电源上,这时供电线路上的电流应为()。
背景某政府机关在城市繁华地段建一幢办公楼。在施工招标文件的附件中要求投标人具有垫资能力,并写明:投标人承诺垫资每增加500万元的,评标增加1分。某施工总承包单位中标后,因设计发生重大变化,需要重新办理审批手续。为了不影响按期开工,建设单位要求施工
令Y表示月收入工资水平(百元),X1表示月工作时间(小时),X2表示月完成业务量(个)。现有资料:根据上述资料请回答:进行回归方程线性关系显著性检验时,显著性水平α=0.05,则其临界值应为()。
聘任或任命教师担任职务应当有一定的任期,每一任期一般为()。
Hishardworkbeforetheexamination______andhereceivedalotofgoodjoboffers.
2018年3月,中共中央印发了《深化党和国家机构改革方案》。在深化党中央机构改革方面,方案做了如下安排:为加强党对反腐败工作的集中统一领导,实现党内监督和国家机关监督、党的纪律检查和国家监察有机统一,实现对所有行使公权力的公职人员监察全覆盖
Marketingis______justdistributinggoodsfromthemanufacturertothefinalcustomer.
最新回复
(
0
)