yield curve
(en)
a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity
As long as they were earning higher interest on the money loaned than they were paying on the money borrowed, it worked. But when the market went through turmoil, and the short term looked riskier than the long term, the yield curve "inverted"
footnote 80. on why Spanish banks failed
notable
7 years, 4 months ago