116 0% -18 8 IN 0% -1% United States and Japan Yield Curves Government Bonds Maturity 1 Years United States (15 Mar 2022) 1.204% Japan (15 Mar 2022): -0.089% Residual Maturity United States (15 Mar 2022) -Japan (15 Mar 2022) United States and Japan Yield Curves Government Bonds Maturity: 3 Year United States (15 Mar 2022) 2.0362% Japan (15 Mar 2022): -0.001% Residual Maturity United States (15 Mar 2022) -Japan (15 Mar 2022) JOY 14Y 12V 16Y 16Y 18Y AVZ 26Y 28Y AZE 30Y 32Y APE APE 36Y A9E III 48% III top 3% 2% 1% ON -18 United States and Japan Yield Curves Government Bonds Maturity: 2 Year United States (15 Mar 2022): 1.8408% Japan (15 Mar 2022) -0.029% TOY 129 14Y Maturity: 4 Year Japan (15 Mar 2022): 0.015% 0% 16Y 18Y AUZ Residual Maturity - United States (15 Mar 2022) -Japan (15 Mar 2022) United States and Japan Yield Curves Government Bonds Residual Maturity -United States (15 Mar 2022) A92 32Y -Japan (15 Mar 2022) ADE 36Y ARE ARE III 40Y III 40Y United States and Japan Yield Curves Government Bonds. Maturity: 5 Year United States (15 Mar 2022): 2.1001% Japan (15 Mar 2022). 0.037% 10Y 3% 2% 1% 0% -1% Residual Maturity United States (15 Mar 2022) - Japan (15 Mar 2022) Calculate the following: (1) The estimated yield on a 4-year Japanese bond in 2023 (i.e. one year from now); and (2) The estimated yield on a 2-year U.S. bond in 2025 (i.e. 3 years from now). 12Y ADI 16Y 18Y 20Y AZZ 24Y 26Y 28Y 30Y AZE ADE 36Y III 38Y 40Y