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A plot of bond yield versus maturity date.
A yield curve applies to bonds of equal quality. For example, there’s a yield curve for US treasury bonds which shows the yield of 3-month, 6-month, 12-months, …, 30-year treasuries. A “normal” yield curve slopes upward: yields are higher for longer-term bonds. However, yield curves may become flat or even inverted, particularly before a recession.
Related Links
US treasury yield curve data
Investopedia’s article on yield curves
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