1. A falling yield curve is explained by investors expecting short-term rates to be lower in the future. 2. A humped yield curve is explained by investors expecting short-term interest rates to rise and long-term rates to fall. 3. A rising yield curve can be explained by liquidity preference theory. 4. A humped yield curve is explained by the combination of a descending yield curve plus an upward-sloping liquidity preference curve. |
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