As of February 10, 2017, the yield on a one-year U.S. Treasury security was 0.81%, and the yield on a two-year U.S. Treasury security was 1.20%. Based on this, what does the market expect the yield on a one-year U.S. Treasury security to be one year from now (i.e., what is the implied forward rate from one year to two years)?

0.39%

0.78%

0.79%

1.59%

2.02%