Currently, the 2-year yields are about 20 basis points higher than 10-year yields in Canada, leaving the 2-10 spread at negative 20 bps. (Where the 2-10 spread is defined as y10 y2.) Suppose you believe this inverted curve will not persist. Construct a trade that will profit from this belief.Base your trade on $10 million face of 10-year bonds. Assume the 2- and 10-year bonds have a MD of 1.8 and 8.9 respectively and both trade at par. Provide a formula for the P/L of this trade as a function of he spread, and thus compute your P/L assuming the spread moves to positive 50 bps.