Market Sensitivity: Low to medium.
What Is It: Yields on Treasury securities from short to long term maturities.
Frequency: Always available.
Source: Treasury markets.
Why Is It Important
When it comes to predicting the future course of the economy, only one indicator stands above all others in terms of accuracy: the yield curve. No other measurement has demonstrated as much success in warning of upcoming turning points in business activity. The yield curve is a collection of yields plotted on a graph that covers the entire spectrum of maturities on U.S. Treasury securities. What distinguishes the yield curve from all other economic ...