6 9 0 1 72 73 74 75 GRAPH A 7 Interest Rate 8% 7% 6% 5% 4% 3% 2% - 1% 0% Treasury and AA-Rated Corporate Yield Curves 0 5 10 15 AA-rated Corp Treasury Bond 30 20 25 Years to Maturity GRAPH B Treasury and AA-Rated Corporate Yield Curves Interest Rate 8% 7% 6% 5% 4% 3% 2% 1% 0% 0 10 Which part of the yield curve (the left side/short term or the right side/long term) is likely to be more volatile over time? 20 30 Years to Maturity Treasury Bond AA-rated Corp Left or Right