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Exercise Problem #5 (slide 35) ها 4 w Base Curve Selected: US Treasury Actives Curve US Treasury Actives Curve Actions - 98) Chart Export Settings - ) E Graph Curves X-Axis Tenor-Y-Axis Mid YTM - Currency None - PCS BGN Specific 04/22/20 Relative Last 113 1W 2M Mwily Lur Relative Value o values and Members Values Members Constituents 125 Mid YTM 125 Mid YTM 12s Mid YTM US Treasury Active Curve US Treasury Actives Curve (Change) 04/22/22 04/22/20 04/22/22-04/22/20 Tenor Description Price Yicid Description Price Yield Price Yield 11 1MB O 05/24/22 Govt 0.436 0.4428 0 05/19/20 Govt 0.070 0.071 0.366 37.1 12 2MB O 06/21/22 Govt 0.581 0.590 B 0 06/16/20 Govt 0.071 0.072 0.510 51.8 3MB O 07/21/22 Govt 0.794 0.806B 0 07/23/20 Govt 0.101 0.103 0.692 70.3 te 4 6MB O 10/20/22 Govt 1.289 1.315 B O 10/22/20 Govt 0.134 0.136 1.155 117.9 18 1Y B O 04/20/23 Govt 1974 2.0310 0 04/22/21 Govt 0.161 0.164 1.312 136.8 se ZYT 24 03/31/24 Govt 99-067 2.669TO 03/31/22 Govt 100-090 0.215 -1-03 245.4 17) 3Y12 04/15/25 Govt 99-11 2.857TO 04/15/23 Govt 99-30% 0.263 -0-191 259.3 18 SYT 03/31/27 Govt 98-004 2.933 TO 03/31/25 Govt 100-20 0.368 -2-19 256.5 25 71 24. 03/31/29 Govt 96-13+ 2.94910. 03/31/27 Govt 100-24 0.515 -4-10 243.5 20 101 102/15/32 Govt 91-091 2.9021 102/15/30 Govt 108-11+ 0.621 -17-02 229.1. 20 204T 25. 02/15/42 Govt 88-211 3.148 273 30VT 2102/15/52 Govt 86-075 2.947 T 2 02/15/50 GOVE 119-17 1.216 33 00 173.0 (a) Complete the following table based on the Treasury active yield curves on April 22, 2022 and April 22, 2020 (as shown above) 4/22/2022 4/22/2020 Change from 04/22/2020 (in %) (in %) to 04/22/2022 (in basis points) 3-month Treasury yield 0.806 0.103 70.3 2-year Treasury yield 10-year Treasury yield 2.902 0.621 228.1 10-year minus 2-year Term Structure Spread 10-year minus 3-month Term Structure Spread 2.096 (b) How has the yield curve shifted in the last two years from April 22, 2020 to April 2022?