```json
{
	"no": ["yes"],  
	"yes": ["yes", "no"]
}
```

Based on the analysis, we can see that clients who have a housing loan ("yes") are less likely to subscribe to a term deposit, as indicated by the "no" target class. On the other hand, clients who do not have a housing loan ("no") have a higher likelihood of subscribing to a term deposit, as indicated by the "yes" target class.