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?
How to calculate the running yield. The running yield is very easy to work out. Letâs say Treasury 5% has five years to maturity and is currently selling for Â£120. It has a nominal value of Â£100. We can see from its name that it pays a coupon of 5% of Â£100, so Â£5 per year.