The whole yield curve or «term structure» should be used instead.
He covers
the whole yield curve, from one year out to the longest bond available (useful info in itself, which varies from under 20 up to 40 years).
Not exact matches
Rates at the front end of the
curve have risen, but instead of the
whole shifting higher, the long - end has fallen in
yield.
Yes, bond
yields are ticking higher these days, but it's important to keep the
whole yield -
curve picture in mind.
Very low, so that we witness a one - off shift lower in the
whole of the
yield curves of the major currencies â $ «not just in Japan.
And if such a new paradigm turns out to be (even half - way) correct, America's effective high
yield status in the developed world could have even more bullish implications elsewhere — I mean, what's the appropriate discount & ultimate valuation multiple for markets like Europe (or Japan, or the UK, etc. etc.), when their risk - free rates are close to zero (or even negative) the
whole way out the
curve?!
Yet both theoretical and empirical research suggests that the
whole relative
yield curve contains important information on monetary policy and risk premia.