Basisbreiten
Basisbreiten is a term used in economics and finance that refers to the difference between the yield of a benchmark bond and the yield of a similar bond with a slightly different maturity. This difference is often used as an indicator of market sentiment and expectations about future interest rates. For example, if the basisbreiten between a 10-year Treasury bond and a 9-year Treasury bond is positive, it suggests that investors expect interest rates to rise in the future. Conversely, a negative basisbreiten would imply an expectation of falling interest rates.
The concept is closely related to the yield curve, which plots the yields of bonds with different