Ikkǎd haratan wi idasnen eket n curve wan riba tolas isaknǎtǎn-tan s-adǎtǎn
Context:Kurba tan n riba tan harkuk aqqalan a ewad nen s afalla s immik wa s war n ila akarach: a ogaran azzaman wan tiw-at, a ojjaran riba, s tiw-at n marginal wan afanaz (awen amos as iyyan itiki s achareɣa,kurba taqqal a ijjanen) Daɣ awa allaɣat Buttonwood wan alɣiskir wan The Economist, iddikud n curve wan riba addobat a ti iket s anmizlay meɣ "spread" jir riba tan n U.S. Treasury Notes n issin d maraw iwityan Ijjit n iddikud eqqal a eqqalan eɣeš n iddikud  Illan ti issin almaɣna tan n iddikud n afanaz n yield curve Daɣ tizarat, addobat ad eqqil as hebu eɣra tiw-at n iddikud n riba war n ila risk A fal investor tan ijrawan azruf amarad addoben ad aj in riba olaɣan daɣ ihinzuzaɣ Daɣ awa id eqqalan mirda wan alqim wan arbitraj, imassexdaran wi arhanen ad aɣbal nat azruf nasan ilzam ti ad ikrichan fal tiw-at n azruf wa ezzaran fal azruf n azruf fal ihuk n azruf daɣ azzaman chajren Almaɣna iyyan eqqal as timad n azzaman wi chajrotnen ahan tanat tikmawen maqqornen i investor (awen amos as amichal) Alxidmat tan azruf tijja fal hebu as alwaq wa id iddikud n azruf eqqal a ojjaran daɣ iban iban iban tigdaht d tudabat maqqorat n timachɣulen id aqqal nen tinfa i asidu Almaɣna wen ilkam i ta-ite n as aqtisad eqqal a ojjaran iban n musnat daɣ iwityan ajjotnen ohun daɣ iwityan win edes Eɣaf wen eqqal as isim net anmizlay n azruf A fal hebu eqqal a ehan amutti n amutti n amutti n amutti n amutti n amutti n amutti n amutti n amutti  " Talɣiwen ti ilkamnen addobat nat deɣ ad idas nat talɣiwen ti ilkamnen s amutti n iddikud n azruf n azruf" s iddikud n azruf n azruf daɣ azzaman andarran ojjar wan azzaman chajren" Daɣ almital, daɣ ayor wan novembre 2004, curve wan riba i UK Government bonds ijja amutti daɣ achrut net Alqim n bonds n 10 iwityan eqqal 4.68% mucham eqqal 4.45% n bonds n 30 iwityan Alxakum n hebu n afanaz n iddikud n riba tan eway id muchakil tan win Liquidity premiums war n ila alqim addoben ad ilen alwaq wa id imasuɣilan wi chajren axkaman fal hebu mucham akayad wa ezzaran eqqal as positive liquidity premium ezzaran, daɣ awen asidu n afanaz n iddikud n riba a id erawan curve wan riba Kurba tan n riba tan iknanen amutti azzarnen daɣ attarex ijjan fal recession tan n ekonomi  Dumu n curve wan riba ilkam i al-imdad d addaror: almital, a fal ille addaror maqqoran n long bonds, s almital daɣ pension funds i ad ijjichan tinfa ten nasan i pensioners, tolas war ilen ijjit n bonds i ad ijjichan addaror wen, dihen riba tan n long bonds addobat a ti ilkam i ad aqqilan madroynen, war n ila almaɣna n ikayadan n hebu tan win hebu tan
- Ewayan ən hebu fal adiš ən azruf. A fal investor tan ordahan as iddikud n riba a ojjaran daɣ ihinzuzaɣ, alwaq wa id curve ad eqqil s afalla A fal awen, a fal hebu eɣlak as iddikud n riba ad ifnaz, alwaq wen daɣ eɣeš wan curve ad ifnaz - Asimutiy ən adagal. Timɣutar ti maqqornen ahanat tikmawen maqqornen i investor, daɣ awen investor tan ad arhan ad aj in riba maqqorat i alqim n azruf - Ihuk d addaror A fal ille addaror maqqoran meɣ ihuk andarran i bonds ilan azzaman n azzaman iyyan dihen riba i bonds tan win ad ifnaz