Go to www.treasurydirect.gov. Under “Individuals,” go to “Treasury Securities & Programs.” Click on “Treasury notes.” Under “at a glance,” click on “rates in recent auctions.” Use the list of Recent Note, Bond, and TIPS Auction Results to answer the following questions.

a. What are the interest rates on 2-year and 10-year notes?

b. How do the interest rates on the 2-year and 10-year notes relate to each other? Why is the interest rate on the 10-year note higher (or lower) than the interest rate on the 2-year note?