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#finance #steiner-mastering-financial-calculations-3ed
a "flat" short-term yield curve - in our example, the 3-month and 6-month rates are the same at 10.0% - does not imply that the market expects interest rates to remain stable. Rather, it expects them to fall.
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owner: piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p93

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