When the zero curve is upward sloping, the zero rate for a particular maturity is greater than the par yield for that maturity When the zero curve is downward sloping the reverse is true Explain why this is so ...

The par yield is the yield on a couponbearing bond The zero rate is the yield on a zerocoupon bond ...

When the zero curve is upward sloping, the zero rate for a particular maturity is greater than

Question:

“When the zero curve is upward sloping, the zero rate for a particular is greater than the par yield for that When the zero curve is downward sloping the reverse is true.” Explain why this is so.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...