The addition of the value \(a\) represents a vertical translation in the graph. If \(a\) is positive, the graph translates upwards. If \(a\) is negative, the graph translates downwards.

A yield curve is a graph on which bonds are represented by plotted points. A bond’s Y-axis position represents its interest (coupon) rate, and its X-axis position represents its term.

To read a yield curve graph, look for the maturity dates along the x-axis (horizontal) and interest rates, or yields, on the y-axis (vertical). These are the main types of yield curves you'll see ...

The addition of the value \(a\) represents a vertical translation in the graph. If \(a\) is positive, the graph translates upwards. If \(a\) is negative, the graph translates downwards.

the graph of interest rates from the shortest to the longest term. The curve’s slope historically has foretold the future. A ...