Excerpt taken and modified from Government of Pakistan Investment bonds Auction result: Auction for 3, 5, 10- and 20-year Pakistan Investment Bonds was held on March 20, 2019 with settlement date on March 21, 2019. The coupon rates for 3, 5, 10- and 20-year bonds are 7.25%, 8.00%, 8.75%, and 10.75% respectively. The accepted bid summary and result is as under: a. Using weighted average yield % p.a calculate the following rates: a. The 2-year rate 3 years from now b. The 5-year rate 5 years from now b. Given the following information what do you think will be the shape of the Pakistan investment bond yield curve. Explain support your answer with the help of the latest SBP Monetary policy report.

Excerpt taken and modified from Government of Pakistan Investment bond's Auction result: Auction for 3, 5, 10- and 20-year Pakistan Investment Bonds was held on March 20, 2019 with settlement date on March 21, 2019. The coupon rates for 3, 5, 10- and 20-year bonds are 7.25%, 8.00%, 8.75%, and 10.75% respectively. The accepted bid summary and result is as under: (Amount in PKR million) Realized Accrued Total Reallzed Cut-off Yleld Wolghted Average Tenor Face Value Amount Interest Cut-off Price Amount (YTM) Yleld p.a. 03 Years 17,160.000 15,488.602 233.698 15,722.300 90.2012 12.2300% 12.1981% 05 Years 22,080.000 18,811.719 331.810 19,143.529 84.9000 12.6405% 12.5392% 10 Years 56,821.500 44,058.131 933.945 44,992.0751 76.7277 13.1500% 12.9681% 20 Years NO BID RECEIVED Total 96,061.500 78,358.452 1,499.453 79,857.904 a. Using weighted average yield % Rea calculate the following rates: a. The 2-year rate 3 years from now b. The 5-year rate 5 years from now b. Given the following information what do you think will be the shape of the Pakistan investment bond yield curve. Explain support your answer with the help of the latest SBP Monetary policy report. Excerpt taken and modified from Government of Pakistan Investment bond's Auction result: Auction for 3, 5, 10- and 20-year Pakistan Investment Bonds was held on March 20, 2019 with settlement date on March 21, 2019. The coupon rates for 3, 5, 10- and 20-year bonds are 7.25%, 8.00%, 8.75%, and 10.75% respectively. The accepted bid summary and result is as under: (Amount in PKR million) Realized Accrued Total Reallzed Cut-off Yleld Wolghted Average Tenor Face Value Amount Interest Cut-off Price Amount (YTM) Yleld p.a. 03 Years 17,160.000 15,488.602 233.698 15,722.300 90.2012 12.2300% 12.1981% 05 Years 22,080.000 18,811.719 331.810 19,143.529 84.9000 12.6405% 12.5392% 10 Years 56,821.500 44,058.131 933.945 44,992.0751 76.7277 13.1500% 12.9681% 20 Years NO BID RECEIVED Total 96,061.500 78,358.452 1,499.453 79,857.904 a. Using weighted average yield % Rea calculate the following rates: a. The 2-year rate 3 years from now b. The 5-year rate 5 years from now b. Given the following information what do you think will be the shape of the Pakistan investment bond yield curve. Explain support your answer with the help of the latest SBP Monetary policy report