Information about three risk free Government bonds is given in the table below.
|Federal Treasury Bond Data|
|Maturity||Yield to maturity||Coupon rate||Face value||Price|
|(years)||(pa, compounding semi-annually)||(pa, paid semi-annually)||($)||($)|
Based on the above government bonds' yields to maturity, which of the below statements about the spot zero rates and forward zero rates is NOT correct?