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Describe the three generic shapes that have appeared for the U.S. Treasury yield curve with some frequency over time.
Ratchet Wheel
A ratchet wheel is a mechanical component consisting of a wheel or gear with teeth, designed to allow movement in one direction while preventing backward motion.
Solid
A state of matter characterized by structural rigidity and resistance to changes of shape or volume.
Overload Protection
A safety mechanism designed to automatically interrupt the power supply when the electrical load exceeds the system's capacity, preventing damage or fire.
Bimetallic Strip
A strip made of two dissimilar metals bonded together that bends at different temperatures, used in temperature sensing or control devices.
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