Consider the following Treasury quotes. Given that the yields do not present an arbitrage opportunity, can you explain whether the yield curve is upward or downward sloping? Maturity Coupon Yield 8/15/21 2.125 2.083 8/15/21 8.125 2.196 Solution The yield curve is upward sloping, since there is an increase in the yield on the closing of the day, as compared to the opening..