c instructions plural: an outline or manual of technical procedure : directions d: a code that tells a computer to perform a particular operation 2: the action, practice, or profession of teaching
The yield curve describes the yields for Treasury bills, notes and bonds. It's called a curve because, if it were plotted on a graph, the yields would normally slope up. That's because Treasury bills, which are of short duration, don't usually pay as high a yield as the notes and even longer-term bonds. Why?
For example, as of this writing, the short-term TIPS fund has a yield of -1.60%, and the intermediate-term TIPS fund has a yield of -1.10%. Itâs important to note that neither of these yields include the inflation adjustment that the TIPS will receive over time.