The term structure of interest rates represents the relationship among the interest rates on bonds that are otherwise similar but that have different maturities reflects differing tax treatment received by different instruments. always results in an upward-sloping yield curve. usually results in a downward-sloping yield curve Which of the following is NOT true of the yield curve for U S Treasury securities? Typically it slopes upward, It depicts the relationship among yields on securities of different maturities Typically, it shifts up or down rather than twists Typically it slopes downward. The segmented markets theory explains upward-sloping yield curves as resulting from the demand for long-term bonds being high relative to the demand for short term bonds explains upward-sloping being curves as resulting from the demand for long-term bonds explain upward-sloping yield curves as resulting from the demand for long-term bonds being low relative to the demand for short-term bonds explains upward-sloping yield curves as resulting from the favorable tax treatment of long-term bonds