The par yield curve for U.S. Treasury bonds is currently flat across all maturities at 5.50 percent. You have observed following "paired" transaction by your bond portfolio manager: Bond G H Transaction Buy Sell Type U.S. Govt. Corporate Credit Spread (bp) 100 Maturity Coupon (yrs.) Rate (%) 15 7 0 8 Modified Duration 14.599 5.386 Briefly discuss what this paired trade suggests to you about the manager's implied view as to: (1) the general direction of future interest rate movement, (2) the future shape of the par yield curve, and (3) the future level of corporate bond credit spreads.