Riding the yield curve
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1.
Speculative activity which takes advantage of the current yield curve in order to increase the expected return on investments.
(At the risk of making losses if the current yield curve were to shift adversely.)
2.
Similar speculative activity which takes advantage of the current yield curve in order to reduce the expected cost of borrowing.
(Again at the risk of adverse effects, if the current yield curve were to shift adversely.)
