What Is an Inverted Yield Curve?

The bond yield curve, also known as the yield curve, is a curve that describes the quantitative relationship between the yield of a group of tradable bonds and their remaining maturity at a certain point in time. The maturity period is a curve plotted on the abscissa and the bond yield is the ordinate. A reasonable bond yield curve will reflect the level of yield to maturity of bonds with different maturities at a certain point in time (or a certain day). Studying the bond yield curve is of great significance. For investors, it can be used as an analytical tool for predicting the bond issuance interest rate, selecting bond investment bonds in the secondary market, and predicting bond prices. For issuers, It can provide a reference for issuing bonds and managing assets and liabilities.

Bond yield curve

The bond yield curve is also called the yield curve, which is described in a certain

1.For management

The ChinaBond yield curve can provide management departments with a reasonable level of yield on various bonds in the current market, and then provide a reference for formulating relevant policies.

2. For issuers of various bonds

The ChinaBond yield curve can provide bond issuers with a reasonable level of yield on each maturity of their corresponding bond varieties in the current market, and provide a reference for their issuance plans.

3.For bond investors

ChinaBond yield curve can be

The data of ChinaBond yield curve includes

ChinaBond yield curve is a system that currently provides 67 various yield curves every day. According to different classification standards, they can be classified as follows:

1. Divided by type of return, including:

Yield to maturity curve: 9.

Spot yield curve: 9 pieces.

Forward yield curve: 70 forward yield curve; 70 forward yield curve.

Floating interest rate spread curve: 3.

2. Classified by bond type, including:

Treasury yield curve: 67.

Central bank bond yield curve: 2 pieces.

Policy financial bond yield curve: 24.

Commercial Bank Subordinated Bond Yield Curves: 22.

Corporate bond yield curve (AAA level): 44.

Short-term financing bond yield curve: 2 pieces.

3. Divided by trading venue, including:

Inter-bank yield curve: 85.

Exchange yield curve: 44.

Treasury yield curve across the market: 22.

4. Divided by interest rate variety, including:

Fixed rate yield curve: 159.

Floating rate yield curve: 3.

5. Divided according to the different construction methods of the curve, including:

1) Native: 7 pieces. The sample data is relatively abundant and the return value is more accurate. Inter-bank fixed-rate government bond yield curve: fixed (inter-bank, exchange), floating; central bank bond yield curve; inter-bank fixed-rate policy financial bond yield curve: fixed, floating (1y, R07D).

2) Derivation: 154. Due to the weak market foundation, it is in constant exploration and improvement.

Spot yield curve;

Forward yield curve;

Corporate yield curve

Commercial bank subordinated debt yield curve;

Short-term financing bond yield curve.