Bootstrapping Method in Yield Curve Construction

During a recent meeting on fixed income securities, the chief economist of a prominent investment firm discussed the implications of changes in the interest rate environment on yield curves. The economist mentioned that shifts in the yield curve can be attributed to various factors, including monetary policy, inflation expectations, and the term premiums associated with risk. Subsequently, analysts engaged in a discussion about constructing yield curves based on different methodologies, including the bootstrapping method.

Which of the following statements accurately describes a characteristic of the bootstrapping method for yield curve construction?