Listed below are the yields of various Treasury securities on separate days over the last five years.

(1) Provide an explanation of the evolution of the Treasury yield curve from 2018 to 2020.

(2) Focusing on the 2020 yield curve, provide an interpretation of the curve? (What do you infer from it)

	Date	1 yr	2 yr	5 yr	7 yr	10 yr	20 yr	30 yr
(1)	10/05/20	0.12	0.14	0.27	0.46	0.68	1.23	1.45
(2)	10/05/18	2.64	2.88	3.07	3.18	3.23	3.34	3.40
(3)	10/05/15	0.26	0.61	1.35	1.74	2.07	2.52	2.90