Question: Using the following data on bond yields, calculate the change in the confidence index from last year to this year. What besides a change in

Using the following data on bond yields, calculate the change in the confidence index from last year to this year. What besides a change in confidence might explain the pattern of yield changes?
________________________________________ This Year _________ Last Year
Yield on top-rated corporate bonds ...................... 8% ...................... 8.5%
Yield on intermediate-grade corporate bonds .......... 10.5 ........................ 10

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