Question $1(9$ points$)$

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Interpret the following comments made by Wall Street analysts and porifolio 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 shiff from an upward$-$sloping yield curve to a downward$-$sloping yield curve is sending a warning about a

possible recession,"

Blank # $1$