By GREGOR AISCH and AMANDA COX In NY Times
The yield curve shows how much it costs the federal government to borrow money for a given amount of time, revealing the relationship between long- and short-term interest rates.
It is, inherently, a forecast for what the economy holds in the future — how much inflation there will be, for example, and how healthy growth will be over the years ahead — all embodied in the price of money today, tomorrow and many years from now.
- Yield curve 101
- Where we stand
- Deep in the valley
- Last time a puzzle
- Long-term rates are low now, too
- Yields in Germany are negative
- A different shape in Japan
For the yield curve and details go to NY Times link