1. You examine the current US Treasury yield curve and notice the following data points:

   3-month yields = 0.2% 6-month yields = 0.1% 12-month yields= 0.65% 18-month yields = 0.7%

   The implied forward 3-month yield, 3 months from now is:

   		Between -0.3% and 0%
   		Between 0% and 0.1%
   		Between 0.11% and 0.2%
   		Greater than 0.2%