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Investing Glossary:
Parallel shift in the yield curve
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Parallel shift in the yield curve
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| Definition: |
| A shift in economic conditions in which the change in the Interest rate On all maturities is the same number of Basis points. In other words, if the three month T-bill increases 100 basis points (one %), then the 6-month, 1-year, 5-year, 10-year, 20-year, and 30-year rates all increase by 100 basis points as well. Related: Non-parallel shift in the yield curve.
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