Education

YARD

Slang for milliard, one thousand million.

YEAR TO DATE

YTD; The period beginning at the start of the calendar year up to the current date.

YIELD CURVE

A graph that shows changes in yield on instruments depending on time to maturity. A positive sloping curve has lower interest rates at the shorter maturities and higher at the longer maturities. A negative sloping curve has higher interest rates at the shorter maturities.