The yield curve represents borrower’s bond yields across different maturities. The curve is thus plotted with yields on the y-axis and time to maturity on the x-axis. The yield curve is normally positively sloped (long term yields higher than short term yields). In rare cases, the curve can be negatively sloped (inverted curve), which is often considered a sign of recession.
There is a wide range of yield curve movements; however three main types of movements explain changes in yield curve: the parallel shift, the twist (change in slope) and the butterfly (change in curvature).
Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management.
UCITS OFFER NO GUARANTEED RETURNS AND PAST PERFORMANCES DO NOT GUARANTEE FUTURE ONES