The Federal Funds Rate was 5.5% and then the whole term structure -all the way--almost all the way.

联邦基金利率是5.5%,整个期限结构图,几乎自始至终...

耶鲁公开课 - 金融市场课程节选

Look how--this is as of earlier this year; the Federal Funds Rate was at around 4% and it has this huge drop in the term structure and then it starts the upward-sloping.

这是今年早些时候的图形,当时联邦利率徘徊在4%,但期限结构,在此处急转直下之后又开始掉头向上

耶鲁公开课 - 金融市场课程节选