Theory
There are three main economic theories attempting to explain how yields vary with maturity. Two of the theories are extreme positions, while the third attempts to find a middle ground between the former two.
Read more about this topic: Yield Curve
Famous quotes containing the word theory:
“Frankly, these days, without a theory to go with it, I can’t see a painting.”
—Tom Wolfe (b. 1931)
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—Albert Einstein (1879–1955)
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—Charles Lamb (1775–1834)