In this assignment, you will be required to conduct a historical and comparative study on the U.S. Treasury bond market and the U.S. Corporate bond market, for the past 30 years. For the corporate bond market, you will refer to the highest level of the Investment grade bonds i.e. bonds rated AAA and the highest level of Junk grade bonds i.e. bonds rated BB. The study should tackle the below points: 1.Impact of market factors on bond prices: in this part, you should explain the multiple macroeconomic phases that justify the historical price movements of both U.S. Treasury and Corporate bonds (recession, crisis, expansion, changes in monetary and fiscal policies...). 2.Comparative analysis of U.S. Treasury and Corporate bond markets, along with their yield curves, throughout the phases detected in point 1: in this part you should explain the correlation of the treasury and bond market, if any, and the relationship between the yield and price curves. 3.Comparative analysis of U.S. Treasury bond market and the U.S. stock market, by using indexes such as S&P500: in this part, you should be able to draw a conclusion if bond and stock markets move in tandem during different economic cycles. 4.Opinion on the current performance of the U.S. bond and stock markets, amid the covid-19 pandemic: in this part you should explain the main concerns of analysts and investors while providing your own opinion on the recovery outlook once the pandemic is over. The length of this study should be around 15-20 pages. Please make illustrative graphs to support your analysis, when needed