Slope of Yield Curves

Nonlinear Response Patterns 6.1. Initial Slope of Yield Curves 

In the general case, we obtain information about the initial slope and maximum of the yield curve by differentiating equation (5), which gives the expression 

it is clear from equations (7) and (8) that this reduces to K (0) = Thus, the initial slope of the yield curve is nonzero, and equal to mi, if and only if there is a linear term in that is, a one-lesion component in 

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