Use this information to answer the following questions: (a) (10 marks) Discuss how two of the four major term structure hypotheses could explain this term structure. (b) (5 marks) Assume that you invest solely on the basis of term spreads. You expect the term spread between 5 and 10 year Government bonds to revert to its ten-year average of 0.80%. Assuming there are no trading restrictions, how would you trade to profit from your forecast? (c) (5 marks) Your economist expects the market to revise its GDP forecast sharply higher, which will impact corporate default rates. Assuming there are no trading restrictions, how would you trade to profit from this forecast? Use this information to answer the following questions: (a) (10 marks) Discuss how two of the four major term structure hypotheses could explain this term structure. (b) (5 marks) Assume that you invest solely on the basis of term spreads. You expect the term spread between 5 and 10 year Government bonds to revert to its ten-year average of 0.80%. Assuming there are no trading restrictions, how would you trade to profit from your forecast? (c) (5 marks) Your economist expects the market to revise its GDP forecast sharply higher, which will impact corporate default rates. Assuming there are no trading restrictions, how would you trade to profit from this forecast