The yield curve shows the market rates for various maturities of bonds on a given date. The market rates, or the yields, are on the vertical axis, not the horizontal axis. The duration of an individual fixed income security is a weighted average of the times until the receipt of both interest and principal, weighted according to the proportion of the total present value of the bond represented by the present value of each cash flow to be received. Duration is not represented graphically on a yield curve graph. The par value of an individual bond is its stated amount or its face value. The par value of bonds is not represented graphically on a yield curve graph. The yield curve shows the market rates for various maturities of bonds on a given date. The years to maturity of the bonds are on the horizontal axis and the market rates are on the vertical axis.
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