Final answer:
A yield curve is a graphical representation of the interest rates on debt for a range of maturities. It shows the relationship between the interest rates and the time to maturity of debt securities.
Step-by-step explanation:
A yield curve is a graphical representation of the interest rates on debt for a range of maturities. It shows the relationship between the interest rates (or yields) and the time to maturity of debt securities, such as government bonds. The yield curve depicts the differences in interest rates over different time periods, which can provide insights into market expectations for future economic conditions.
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