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Say current yield on government securities is .1% on a 3-month t-bill rising steadily to 2.97% on 30 year bond. Beside the horrible rates on

Say current yield on government securities is .1% on a 3-month t-bill rising steadily to 2.97% on 30 year bond. Beside the horrible rates on short term securities, how does expectation theory explain the difference between these rates?

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