The real risk-free rate is 2.25%. Inflation is expected to be 1.50% this year and 3.75% during the next 2 years. Assume that the maturity risk premium is zero.

What is the yield on 2-year Treasury securities? Do not round intermediate calculations. Round your answer to two decimal places.

%

What is the yield on 3-year Treasury securities? Do not round intermediate calculations. Round your answer to two decimal places.

%