The Columns Below List Short-Term Cash Rates on 3rd April

question 338

Multiple Choice

The columns below list short-term cash rates on 3rd April and 3rd F1ay 3rd April 3rd May Describe the shape of the short-term segment of the yield curve on 3' April using market terminology. In addition, describe the change in the shape of the curve between 3rd April and 3rd May.

• A) Positive, steepening
• B) Positive, flattening
• C) Inverted, steepening
• D) Inverted, flattening

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