Question: Today's date is 3 June 2020.Using this information, consider the following debt securities. Official Cash Rate : is 0.25% Bank Bill 1: A bank bill

Today's date is 3 June 2020.Using this information, consider the following debt securities.

Official Cash Rate: is 0.25%

Bank Bill1: A bank bill with a face value of $8.15 million, which has 7 days to maturity and is trading at a yield of 0.25%

Bank Bill 2: A bank bill with a face value of $4.125 million which has 126 days to maturity and is trading at a yield of 0.27%

Bond 1A $68.5 million face value bond which has a 1.75% coupon, a 17 October 2026 maturity, that is trading at a yield to maturity of 0.58% p.a.

Bond 2: A $53.715 million face value bond which has a 1.25% coupon, a 2 May 2032 maturity, that is trading at a yield to maturity of 0.78% p.a.

Describe the shape of the yield curve.

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