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The yield curve, which plots the yield of Treasury bonds against their maturity, is one of the most closely watched financial indicators.1 Many market observers carefully track the yield curve’s shape, which is typically upward sloping and somewhat convex. At times, however, it becomes flat or slopes downward (“inverts,” in Wall Street parlance), configurations that many business economists, fi...
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ژورنال
عنوان ژورنال: Economic Commentary (Federal Reserve Bank of Cleveland)
سال: 2016
ISSN: 2163-3738,0428-1276
DOI: 10.26509/frbc-ec-201615