释义 |
DictionarySeeinverted yield curveinverted scale
Inverted scaleA serial bond offering whose bonds with earlier maturity dates have higher yields than bonds with later maturity dates.Inverted Yield CurveA yield curve in which the long-term yields on bonds are lower than short-term yields. A normal yield curve trends upward because bondholders expect a larger interest rate for a longer investment; however, if a yield curve turns negative, it indicates that the market believes that demand for long-term debt securities is increasing or will increase, which will drive yields downward. Higher demand for bonds usually occurs when investors believe that stock prices will fall. As a result, an inverted yield curve is a highly bearish indicator and indeed is seen as a predictor of a coming recession. An inverted yield curve is the rarest yield curve. It is also called a negative yield curve.inverted scale An issue of serial bonds having yields on short-term securities that exceed yields on long-term securities. An inverted scale is generally caused when investors judge interest rates to be unusually high and expect them to fall. |