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 (i.e., settlement) prices for the respective 3-year and 10-year Treasury bond futures. Both bond futures mature in September 2010.
3-year Treasury bond futures
10-year Treasury bond futures
6 July 2010
$92.65
$88.40
13 July 2010
$91.32
$85.95
Which of the following statements is most likely to be TRUE?
a.
On 6 July 2010, the Treasury yield curve was upward sloping, and appeared to have acquired an even steeper slope on 13 July 2010.
b.
On 6 July 2010, the Treasury yield curve was downward sloping, and appeared to have transformed into an upward sloping shape on 13 July 2010.
c.
Between 6 July 2010 and 13 July 2010, the bond market appeared to have been spooked by concerns over reports of falling inflation.
d.
On 6 July 2010, the Treasury yield curve was upward sloping, and appeared to be less steep (although still upward sloping) on 13 July 2010.

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