Khipha izici ezithinta ukuma kwejika lenzuzo, bese uzibala usebenzisa izinhlamvu.
Context:Ama-yield curve avame ukuthambekela phezulu: isikhathi eside sokuvuthwa, lapho isivuno siphezulu, ngokunyuka okuncane kokunciphisa (okungukuthi, njengoba umuntu ehamba ngakwesokudla, ijika liyaqothuka). Ngokombhali wephephandaba i-Economist, i-Buttonwood, ukuthambekela kwesilinganiso senzuzo kungalinganiswa ngomehluko, noma "ukusabalala", phakathi kwenzuzo ye-U.S. Treasury Notes yeminyaka emibili neyeyishumi. Ukusabalala okubanzi kubonisa ithambeka elicijile.  Kunezincazelo ezimbili ezivamile zokwehla kwejubane lokukhokha. Okokuqala, kungenzeka ukuthi imakethe ilindele ukukhuphuka kwenani elingenabungozi. Uma abatshalizimali bengatshali imali manje, bangase bathole isilinganiso esingcono esikhathini esizayo. Ngakho-ke, ngaphansi komqondo wokulinganisa intengo, abatshalizimali abazimisele ukubopha imali yabo manje badinga ukubuyiselwa imali ngokunyuka okulindelekile kwamazinga - ngakho-ke inani eliphezulu lenzalo ekutshalweni kwesikhathi eside. Esinye isizathu siwukuthi ukuphelelwa yisikhathi okude kuletha izingozi ezinkulu kumtshali-zimali (okungukuthi umbolekisi). Imakethe idinga i-premium yobungozi, ngoba uma isikhathi eside kunokungathembeki okukhulu kanye nethuba elikhulu lezehlakalo ezithinta utshalomali. Le ncazelo incike embonweni wokuthi umnotho ubhekene nokungaqiniseki okuningi esikhathini esizayo esikude kunasesikhathini esifushane. Lo mphumela ubizwa ngokuthi i-liquidity spread. Uma imakethe ilindele ukwanda kokuguquguquka esikhathini esizayo, ngisho noma kulindeleke ukuthi amanani enzalo ehle, ukwanda kwe-premium yobungozi kungathonya ukwehlukana futhi kubangele inzuzo ekhulayo.  Isimo esiphambene naso singase senzeke, lapho ijika lenzuzo "liphambene", ngamanani enzalo yesikhathi esifushane aphakeme kunalawo esikhathi eside. Ngokwesibonelo, ngoNovemba 2004, ijika lenzuzo yezibopho zikaHulumeni wase-UK laphenduka kancane. Inzuzo yebhondi yeminyaka eyi-10 yayingu-4,68%, kodwa yayingu-4,45% kuphela yebhondi yeminyaka engu-30. Ukulindela kwemakethe ukwehla kwamanani enzalo kubangela izenzakalo ezinjalo. Ama-premium okukhokhelwa kwemali engenayo angaphinde abekhona uma abatshalizimali besikhathi eside belawula imakethe, kodwa umbono ovamile uwukuthi i-premium yokukhokhelwa kwemali engenayo ilawula, ngakho-ke ukulindela ukwehla kwamanani enzalo kuphela okuzodala ijika lemali engenayo eliguqukayo. Ngokuvamile ukuwa komnotho kuye kwandulelwa ukuwa kwezomnotho.  Ukuma kwe- yield curve kuthonywa ukunikezwa kanye nokufunwa: isibonelo, uma kunesidingo esikhulu sezibopho ezinde, isibonelo kusuka ezinhlanganweni zempesheni ukufanisa izibopho zabo ezihleliwe kwabahola impesheni, futhi azikho izibopho ezanele ezikhona ukuhlangabezana nalesi sidingo, khona-ke inzuzo yezibopho ezinde ingalindelwa ukuthi ibe phansi, kungakhathalekile imibono yababambiqhaza bemakethe mayelana nezenzakalo zesikhathi esizayo.
- Ukulindela kwemakethe ngesilinganiso senzalo esizayo. Uma abatshalizimali belindele izinga lenzalo eliphakeme esikhathini esizayo, khona-ke ijika liyoba nokuthambekela kokukhuphuka. Kungenjalo uma imakethe ilindele ukwehla kwenani lenzalo, khona-ke ijika lizoba phansi. - Inzuzo engozini. Ukuphelelwa isikhathi okude kuletha ubungozi obukhulu kumtshali-zimali, ngakho-ke abatshalizimali bangalindela inzuzo ephakeme ngokutshalwa kwezimali kwesikhathi eside. - Ukunikezwa nokufunwa. Uma kunesidingo esiphezulu noma ukunikezwa okuphansi kwezibopho ezinokuvuthwa okuthile, khona-ke isivuno salezo zibopho sizokwehla.