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A yield curve is a graphical representation that shows the relationship between the interest rates (or yields) of debt securities and their maturities at a specific point in time. It is an essential tool in international business finance because it reflects market expectations about future interest rates, inflation, and economic activity. Typically, the yield curve plots government securities, such as Treasury bonds or bills, on the vertical axis with the yield and on the horizontal axis with the time _____ ______ _______ ________ ____ ____ _____ ___ ____ _______ _____.
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