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Social Studies, 18.09.2019 17:20 andrewcamp99

You are having a conversation with your friend belinda about the upward-sloping yield curve that currently exists in the bond market. she explains this to you by saying that the upward slope to the yield curve is because longer-term bonds are less desirable than shorter-term bonds so that the issuers of longer term bonds must offer a higher interest rate as an incentive to attract buyers. her observation means that she is a proponent of the theory of interest rates.

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