A two$-$year Treasury bill offers a $4\mathrm{.}9\%$ yield to maturity. The market's concensus forecast is that one$-$year T$-$bills will offer $5\mathrm{.}9\%$ next year. What is the current yield on a $1-$year T$-$bill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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