a : Liquidity hypothesis indicates that, all other things being equal, longer maturities will have lower yields.b : Expectation hypothesis states that the long-term rate tends to be equal with the anticipated short-term ratec : Believers of Segmentation hypothesis assert that borrowers and lenders are constrained in their borrow/lend activity, at a particular segment of the yield curved : Expectations hypothesis indicates a flat yield curve if anticipated future short term rates exceed current short term rates