Need help with the following:

Question 1:

Discuss how securities backed by title loans differ from securities backed by cash-flow generating assets in terms of risk and liquidity. How do high-yield bonds affect each type of security?

Question 2:

Max Points: 5.0

Discuss the reliability of the yield curve as a basis for determining individual values of bonds (using an individual spot rate for each cash flow). How do spot rates imply investor expectations about future rates?