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?
1 Treasury bills and bonds are both investment securities issued by the government in order to raise funds for the running of the government and to pay off any outstanding government loans. 2  Treasury bill is a short term security, with maturity of usually less than one year.reasury Bills and Bonds. Both treasury bills and bonds are loans given to the government, and are, therefore, considered to be the least risky of all investments. However, since the risk undertaken by investors is minimal, the returns are also very low in comparison to riskier securities that offer better returns.