A graphical representation of interest rates or yields of bonds with different maturities. The yield curve plots the relationship between the interest rate (vertical axis) and the time to maturity (horizontal axis) of bonds. It can be upward-sloping (normal yield curve), flat (flat yield curve), or downward-sloping (inverted yield curve). The yield curve is closely monitored as it provides insights into market expectations, economic conditions, and potential shifts in monetary policy.
