1. © K. Cuthbertson and D. Nitzsche Figures for Chapter 22 Empirical Evidence on the Term Structure (Quantitative Financial Economics)

2. © K. Cuthbertson and D. Nitzsche Figure 1A : Actual and Perfect Foresight Yield (USA : 1954 – 2004)

3. © K. Cuthbertson and D. Nitzsche Figure 1B : Actual and Perfect Foresight Yield (UK : 1964 – 2004)

4. © K. Cuthbertson and D. Nitzsche Figure 2 : UK Interest Rates (2 year, 1 month)

5. © K. Cuthbertson and D. Nitzsche Figure 3 : UK Interest Rates (25 year, 1 month)

6. © K. Cuthbertson and D. Nitzsche Figure 3 : UK Actual and Theoretical Spread (2 year, 1 months)

7. © K. Cuthbertson and D. Nitzsche Figure 3 : UK Actual and Theoretical Spread (25 year, 1 months)