• Over the last six months, the long-term yields declined, while short-term yields remained the same. Analysts stated that the shift was due to revised expectations of interest rates. Given the shift in the yield curve, does it appear that firms increased or decreased their demand for long-term funds over the last six months? Look up the current yield curve from the US Treasury site and research yield curve implications for recessional or boom market climates. What do you interpret from the yield curve and provide an opinion on what you expect with regard to the future economy and rates?