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The bathtub curve is a graphical representation of the failure rate of a product or system over its lifecycle. Although it is primarily associated with Reliability Engineering, it is highly relevant in the context of financial market infrastructure, including currency and debt markets, where uninterrupted operation of trading platforms, payment systems, communication networks, and settlement mechanisms is essential. The curve resembles the shape of a bathtub and is divided into three distinct phases: infant mortality period, useful life period, and wear-out period. The first phase is the infant mortality period, characterized by a high _________ _______ ___ _________ ___ ___ ____.
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