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Financial Glossary

YARD

Slang for milliard, one thousand million

YEAR TO DATE

YTD; The period beginning at the start of the calendar year up to the current date

YIELD CURVE

A graph that shows changes in yield on instruments depending on time to maturity. A positive sloping curve has lower interest rates at the shorter maturities and higher at the longer maturities. A negative sloping curve has higher interest rates at the shorter maturities

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