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?
Determining that is a little trickier than you may think. In fact, the yield quoted on the website of the investment management company offering the bond â which is usually the distribution yield or TTM yield â may be substantially more or less than you'll actually receive if you buy and hold the fund.