1. But the yield curve is abnormally steep. 2. Hence, long-term rates would be lower than short-term rates and the yield curve would be negative. 3. If investors anticipate stable future interest rates, then the yield curve will be flat. 4. Since there are many different categories of debt issues, there are many different possible types of yield curves. 5. That steep yield curve has turned into political temptation. 6. The difference between short and long rates has produced a yield curve that has rarely been steeper. |