问题
单项选择题
An analyst does research about interest rate risk of fixed income products. With respect to the interest rate risk in an option-free bond, which of the following statements is least accurate All else being equal, the:（）
A. lower the market yield, the lower the interest rate risk.
B. higher the coupon rate, the lower the interest rate risk.
C. longer the time to maturity, the greater the interest rate risk.
答案
参考答案：A
解析：
市场收益率越低，利率风险越高，因为此时随着市场利率的波动债券价格的波动会越来越剧烈。息票率越高，利率风险越小，因为现金比较多地发生在现在，而未来不确定性减小。债券的期限越长，利率风险越大。