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Term structure of interest rates.

Need some information and explanation on the term structure of interest rates.
For short-term yields (up to 3 yrs) the spot rates increase with maturity; for maturities greater than 3 yrs but less than 8 yrs, the spot rates decline with maturity; and for maturities greater than 8 yrs the spot rates are virtually the same for each maturity.
I have come across this question in my textbook and cannot understand how this works???

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