So this is the treasury yield curve.

Treasury notes are loans that are from one year to 10 years.

So when most people talk about the yield curve, they're talking about the treasury yield curve.

So on this graph that we're going to make using the actual yield curve rates, from zero to one year and actually there's no zero year treasury bill.

10 million, in negotiable US Treasury certificates, coupons attached.

longer, so things that are maybe going to maybe 10 year treasury bonds, or further out than even that.

This difference between this AAA corporate debt and the treasury, that is the yield spread.

This might the yield on 1 year debt, and this might be the yield on maybe 5 year debt.

Our land gave a high yield this year.

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

And the public markets, when you try to sell that treasury, will then expect. a higher yield.

What is the difference between treasury bills, treasury notes, and treasury bonds?

A 10 year old.

And pulse system yield we're looking at 20 kiloton yield for an effective thrust of 10 million newtons.

Yield, Wotan, yield!

And then when you go beyond 10 years, these are called treasury bonds.

You have a sense of what treasury bills, treasury notes, and treasury bonds are.

Yield

Yield

Yield

These are 10 year olds. Text

Then from one year to 10 year, these are notes.

Right now I just took the 10 year value, so this is the value in year 10.

If you have a 10 year loan, you'd put 10 here.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

Business failures are down 10 this year.

And that same year, 10 years ago,

That's grown this year to about 10.

So every year I'm just adding 10.

New yield

Current yield

Explosive yield

There was an eight year old girl, a 10 year old girl.

What is even a treasury?

This is a Treasury bond.

And when the government borrows money, they're essentially issuing treasury bills, if you are talking about the U.S., treasury bills and treasury bonds.

My investments earn about 10 percent a year.

We already talked about the 10 year anniversary.

The 10 year old, on every eight notes.

So 10 of 100 was 10, so after a year I pay you 100, plus the 10 .

So you get 10 a year, and you give us 1 a year.

So, there's more demand for the treasury, the interest on the treasury will go down

Scale by yield

So there is the U.S. Treasury.

And Jack Benny is treasury secretary.