正常收益率曲线的中文解释

正常收益率曲线从左向右上升，显示长期证券的收益率高于短期证券，反映投资风险随年期拉长而升高、投资者进行长期投资需要较高的收益来补偿。也称"正收益率曲线"(positive yield curve)。相对的是"倒挂的收益率曲线"，这种曲线展示短期证券收益率高于长期证券。

Normal Yield Curve的英文解释

A chart illustrating that yields on long-term securities are at higher rates than the rates on short-term securities, to reflect the extra risk of holding them for a longer period. Also known as a positive yield curve. The opposite of an inverted yield curve when short-term yields are above longer-term yields.

• reflect [ri´flekt]   v.反射；反响；表达   (初中英语单词)
• positive [´pɔzətiv]   a.确定的   (高中英语单词)
• holding [´həuldiŋ]   n.保持，固定，存储   (英语六级单词)