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Year One- Multiyear Rate predicted byby Liquidity Premium The- Multiyear Bond Rate predicted liquidity premium Bond Year Bond ExpectationThe- ory Rate ory 1.5% 0.5% 1% 1% 1 3% 2. 1.5% 4% 3% 5% 2% 4 Year One- Multiyear Rate predicted byby Liquidity Premium The- Multiyear Bond Rate predicted liquidity premium Bond Year Bond ExpectationThe- ory Rate ory 1.5% 0.5% 1% 1% 1 3% 2. 1.5% 4% 3% 5% 2% 4
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