The document discusses the yield curve and how interest rates on bonds of different maturities are related, with shorter-term rates usually lower than longer-term rates, reflecting market expectations of future interest rates and inflation.
The document discusses the yield curve and how interest rates on bonds of different maturities are related, with shorter-term rates usually lower than longer-term rates, reflecting market expectations of future interest rates and inflation.
The document discusses the yield curve and how interest rates on bonds of different maturities are related, with shorter-term rates usually lower than longer-term rates, reflecting market expectations of future interest rates and inflation.
The document discusses the yield curve and how interest rates on bonds of different maturities are related, with shorter-term rates usually lower than longer-term rates, reflecting market expectations of future interest rates and inflation.
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Reprinted with permission from Understanding the Yield Curve, United States Fixed-
Income Research Portfolio Strategies, June 1995. Copyright 1995, Salomon Brothers, New York, NY. All rights reserved.