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Glossary entry · Money in motion

Yield curve

Definition

A chart of yields plotted against maturities (3 months, 2 years, 10 years, 30 years…). Normally it slopes upward: longer means more yield to compensate you for tying up money. When short rates exceed long rates, the curve "inverts", historically a strong recession signal.

Example

The US 2-year vs 10-year curve inverted in mid-2022 and stayed inverted for over a year, the longest inversion since the 1980s.

From the lessons
Lesson · 06

Yield curve

This term appears in a longer lesson, where the idea gets the proper treatment with examples and a working visualization.

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