e$.$ Use the attached article $($Why markets obsess over bond yields$)$ from the Economist to answer the questions below;

i$.$ Why does a missed budget forecast cause bond yields to rise?

$[2$ marks$]$

ii$.$ What is the yield to maturity on a bond and explain how is this related to bond prices.

$[2$ marks$]$

iii. What information do declining bond yields convey about a borrow or obligor?

$[2$ marks$]$

iv$.$ Why does a broad decline in bond yields $($especially the yields of the safest bonds$)$ indicate that markets are nervous or pessimistic?

$[2$ marks$]$

v$.$ Based on the article, when would you expect a recession to occur in an economy?

$[2$ marks$]$

vi$.$ Based on the article, what would you expect to happen to the returns of alternative investments such as shares and investment property when bond yields are rising?

$[2$ marks$]$

vii. Based on the article, what will be the implication for the investment of an investor when bond yields are negative?

$[2$ marks$]$