Question: The following table presents the quoted ( i . e . , settlement ) prices for the respective 3 - year and 1 0 -
The following table presents the quoted ie settlement prices for the respective year and year Treasury bond futures. Both bond futures mature in September
year Treasury bond futures
year Treasury bond futures
July
$
$
July
$
$
Which of the following statements is most likely to be TRUE?
a
On July the Treasury yield curve was upward sloping, and appeared to have acquired an even steeper slope on July
b
On July the Treasury yield curve was downward sloping, and appeared to have transformed into an upward sloping shape on July
c
Between July and July the bond market appeared to have been spooked by concerns over reports of falling inflation.
d
On July the Treasury yield curve was upward sloping, and appeared to be less steep although still upward sloping on July
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