Suppose you observe the following
Maturity 1 year Yield 6.0%
Maturity 2 year Yield 6.2%
Maturity 3 years Yield 6.4%
Maturity 4 years Yield 6.5%
Maturity 5 years Yield 6.5%
What does the market expect will be the interest rate on 1yr. securities 1 year from now? What does the market expect will be the interest rate on 3yr. securiites 2 years from now?