According to the expectations hypothesis of the yield curve Multiple Choice the yield curve can be used to predict recessions markets are segmented and investors stay in their own segment Tong term spot rates are geometric everages of the current and expected future short termos the yield curve will often be upward sloping 4 BE NA O the yield curve can be used to predict recessions. markets are segmented and investors stay in their own segment long-term spot rates are geometric averages of the current and expected future short-term rates. the yield curve will often be upward sloping the yield curve will never be downward sloping