A two$-$year Treasury bill offers a $6\mathrm{.}2\%$ yield to maturity. The market's concensus forecast is that one$-$year T$-$bills will offer $6\mathrm{.}6\%$ 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.

Enter your response below. Enter your answer to $2$ DECIMAL PLACES.

$\%$