It is a combination of future expectations and too much of liquidity again back in the market."

VOA: standard.2009.10.16

What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.

这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论

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