1. On Jan 1^st, 2000, the real risk-free rate is 2% and is expected to be constant for next 20 years. Inflation is expected to be 7% next year, 5% the following year, and 3% thereafter. The maturity risk premium is estimated to be 0.2*(t -1) % and up to 1%. (t = number of years to maturity).
   1. Please estimate the term structure of US treasury.
   2. Draw the yield curve on Jan 1^st, 2000 and whats the expected yield curve on Corporate bond? (show the trend and position only)