SIE - Securities Industry Essentials Exam
If the yield curve is inverted,
Remember the maturities! T Bills are the shortest terms, then T Notes, then T bonds. In a normal yield curve, Bills have the lowest yield, Notes slightly higher, and Bonds the highest. When inverted, the T notes (2 - 10 years) may have a higher yield than the T Bonds (10 to 30 years).