Question $1(9$ points$)$

Interpret the following comments made by Wall Street analysts and portifolio managers

$"$An upward$-$sloping yield curve persists because many investors stand ready to jump into the stock market."

"Low$-$rated bond yields rose as recession fears caused a flight to quality"

$3$ "The shif from an upward$-$sloping yield curve to a downward$-$sloping yield curve is sending a warning about a

possible recession."

Blank # $1$

Blank # $2$

Blank # $3$