This section allows cross-market comparisons.
Glossary Definition
Interest Rate Spread

Also called the “term spread”, the size of the interest rate spread measures the difference between interest rates at two different maturities. This difference is also called the slope for the bond yield curve. The higher the value of the spread, the steeper the yield curve. If the spread is positive, the long-term rate is higher than the short-term rate and the yield curve is said to be “normal”. If the spread is negative, the yield curve is inverted.