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Nonparallel Shift in the Yield Curve

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Nonparallel shift in the yield curve
A shift in the yield curve in which yields do not change by the same number of basis points for every maturity. Related: Parallel shift in the yield curve.

Nonparallel Shift in the Yield Curve
A change in the yield curve for bonds with different maturities in which the changes in yields do not occur evenly. For example, given a yield curve for bonds with one-year, five-year, and 10-year maturities, the yield for the one-year bond may increase 10 basis points, the five-year may stay the same, and the 10-year may decrease 20 basis points. See also: Parallel shift in the yield curve.


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