[{"data":1,"prerenderedAt":63},["ShallowReactive",2],{"term:yield-curve":3},{"term":4,"related":46},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":39,"stem":40,"takeaways":41,"__hash__":45},"terms\u002Fterms\u002Fyield-curve.md","Yield Curve",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-yield-curve","Understanding Yield Curve",[16,17,18],"p",{},"Normally, longer-term bonds pay higher yields than short-term ones, so the curve slopes upward. When short-term yields rise above long-term yields, the curve is said to be inverted.",[16,20,21],{},"An inverted U.S. Treasury yield curve has preceded many recessions, because it often reflects expectations that interest rates will be cut in the future. It is a warning sign, not a precise timer.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"investing","A chart of interest rates on bonds of the same credit quality across different maturities.","md",[],{},true,"\u002Fterms\u002Fyield-curve",[35,36,37,38],"yield","treasury-bill","recession","federal-funds-rate",{"title":6,"description":28},"terms\u002Fyield-curve",[42,43,44],"The yield curve plots yields against maturities.","It usually slopes upward.","An inversion has often, but not always, preceded recessions.","S3hD6gfeL2zL6y26ErRRt9sm2z4yoE3d4EzwOrHEvyU",[47,51,55,59],{"title":48,"description":49,"path":50},"Federal Funds Rate","The interest rate U.S. banks charge each other for overnight loans, targeted by the Federal Reserve.","\u002Fterms\u002Ffederal-funds-rate",{"title":52,"description":53,"path":54},"Recession","A significant, widespread decline in economic activity lasting more than a few months.","\u002Fterms\u002Frecession",{"title":56,"description":57,"path":58},"Treasury Bill (T-Bill)","A short-term U.S. government debt security that matures in one year or less.","\u002Fterms\u002Ftreasury-bill",{"title":60,"description":61,"path":62},"Yield","The income an investment produces, as a percentage of its price.","\u002Fterms\u002Fyield",1793374006228]