Discover what a normal yield curve is and how it affects your investments. This curve shows lower yields for short-term debt and can indicate future interest rate trends.

Key rate duration measures a bond's sensitivity to shifts in interest rates at specific maturity points along the yield curve ...

As explained in Prof. Robert Jarrow's book cited below, forward rates contain a risk premium above and beyond the market's expectations for the 3-month forward rate. We document the size of that risk ...

I still remember back in 2006, when the curve inverted ahead of the financial crisis. Hardly anyone outside of bankers, economists, hardcore investors and bond traders knew what it meant. But by 2008, ...