According to the segmented market hypothesis, yields for a particular maturity segment depend on supply and demand within the maturity segment.

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According to the segmented market hypothesis, each maturity segment (such as 1-year, 5-year, 10-year bonds) operates independently of other segments, and the yields for a particular segment depend on supply and demand conditions within that segment. This means that factors such as changes in interest rates, inflation expectations, or default risk perceptions may affect one segment differently than others, leading to variations in pricing and yields.

According to the Segmented Market Hypothesis, Yields for a Particular