But the Federal Reserve had already started raising short-term interest rates, flattening the yield curve, the difference between short and long rates.

但是，美联储已经开始提高短期利率，使收益曲线变得扁平，收益曲线即长短期利率之间的利差。

youdao

Recent cuts in short-term interest rates should help banks, by steepening the yield curve (the difference between long and short rates) and thus boosting the spread they can earn.

最近收率曲线（长期利率与短期利率的不同）变陡降低了短期利率从而帮助了银行，因此也扩大了它们可以盈利的范围。

youdao

The shape of the yield curve (the difference between long- and short-term interest rates) also makes a difference.

收益率曲线的形状（长期和短期利率的不同）也不相同。

youdao

But the Federal Reserve had already started raising short-term interest rates, flattening the yield curve, the difference between short and long rates. (Since banks borrow short and lend long, their margins are higher when the curve is steep.) When this began eating into lenders' profits, they reacted by pushing subprime rates back up.

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It drives short-term interest rates lower allowing banks to borrow low on the short-term end of the yield curve, and lend high on the long end.

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Recent cuts in short-term interest rates should help banks, by steepening the yield curve (the difference between long and short rates) and thus boosting the spread they can earn.

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