1. "If the bonds of different maturities are perfectly substitute, their interest rates are more likely to move together". Is this statement true or false or uncertain? Discuss using theory of...

Extracted text: 1. "If the bonds of different maturities are perfectly substitute, their interest rates are more likely to move together". Is this statement true or false or uncertain? Discuss using theory of expectation. Note: Your answers should be detailed with proper references.