  The shell-model collective-pair truncation with negative-parity pairs is
adopted to study the $(h_{11/2})^2$ alignment in $^{132}$Ba. The proton
$(h_{11/2})^2$-alignment state is predicted as an $E\sim4.6$ MeV and $\tau\sim
0.5~\mu$s isomer with relatively strong E3 decay channels. The oblately
deformed neutron $(h_{11/2})^{-2}$ alignment in the yrast band and four
negative-parity bands are confirmed, even although two of these negative-parity
bands favor the prolate deformation, which directly manifests the $\gamma$
unstability of $^{132}$Ba.
