Question 14 Below is a graph of 10-year US treasury fixed coupon bond yields (red), inflation-indexed Not yet saved bond yields (green) and the 'breakeven' inflation rate (blue). The last monthly data point is Marked out of for October 2022. 3.00 Between August and September 2022, there was a large increase in fixed coupon (red, from 3.15 to 3.83%pa ) and inflation-indexed (green, 0.67 to 1.51%pa ) bond yields. The breakeven inflation rate fell a small amount (blue, 2.48 to 2.15%pa ). Which of the following statements about bond market investors' expectations is NOT correct? In the two months since August 2022, bond market investors: Select one: a. Expect the US Federal reserve to hike the Federal Funds rate higher. b. Were surprised at the strength of US GDP, inflation and employment. c. Believe that a recession will soon occur in the next few years. d. Expect the US Federal Reserve to keep inflation close to its 2% long term target. e. Who held fixed-coupon and inflation-linked bonds suffered losses