Introduction to the Yield Curve and Its Uses

Key Points

The yield curve is a chart used to display the interest rates (yields) of bonds with different maturities.

The yield curve is mainly divided into four types: normal curve, inverted curve, flat curve, and steep curve, each reflecting different economic expectations.

When the yield spread (i.e., the difference in interest rates) between short-term and long-term bonds gradually widens, the yield curve tends to steepen.

Although the yield curve may have some impact on cryptocurrency and stock markets, it is particularly important for industries sensitive to interest rate changes, such as banking, real estate, and utilities. #加密市场回调 $BTC