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?
Current Bond Yield Definition. Current bond yield is the ratio of the annual interest payment and the bond's current clean price. The current yield only therefore refers to the yield of the bond at the current moment. The current yield is also known as interest yield, income yield, flat yield or running yield.