You are a trading analyst at a financial planning firm in Sydney. In August 2021, you noticed the following data in the bond market.

(a). While the yield on a 3-year bond increased over time, the yield on a 1-year bond and a 2-year bond decreases a bit. What does it imply to the yield on a 1-year bond in 2023? (Max 50 word limit)

(b). You believe that investors with different trading strategies and risk preference will stay in different markets. If you observe a sudden increase in the supply of a 1-year bond, how will it change the yield on this bond, if everything else remain unchanged? (Max 50 word limit)