Faculty Publications

Title

What Is The Bond Yield Curve?

Document Type

Article

Publication Date

1-31-2017

Abstract

Understanding the relationship between bond risk and time to maturity and duration of a bond provides the basis for understanding the bond yield curve. The yield curve shows the yields to maturity for a series of bonds — typically U.S. Treasury bonds — with the same credit quality but different maturity dates, along with the term structure for interest rates.