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Is the yield curve about confidence fairies or inflation and interest rates expectations?

Here are the Japanese, German and British curves. So, you tell me.

Japanese Yield Curve

Japanese Yield Curve

German Yield Curve

German Yield Curve

British Yield Curve

British Yield Curve

Source: Bloomberg

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About

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.