
(from the article `Economic Affairs`) ...2.18%. In fact, at the end of the year, short-term securities briefly paid a higher effective interest rate than their longer-term counterparts, ...
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http://www.britannica.com/eb/a-z/i/36

When short-term interest rates are higher than long-term rates. Antithesis of positive yield curve.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosi.htm

When short-term interest rates are higher than long-term rates. Antithesis of positive yield curve.
Found on
http://www.encyclo.co.uk/local/22402

A situation where the yields on short-term instruments are higher than those on long-term... <a target=_blank href='http://www.finance-glossary.com/terms/inverted-yield-curve.htm?id=12734&ginPtrCode=00000&PopupMode=false' title='Read full definition of inverted yield curve'>more</a>
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http://www.finance-glossary.com/pages/home.htm

Is the market condition whereby the near-term interest rates are higher than long-term interest rates. For example, the two year rate is greater than the ten year rate; or, the spot (overnight) rate is higher than the thirty year rate. This inversion may be induced or result from changes in monetary policy, foreign exchange movements, immediate liq...
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http://www.oasismanagement.com/glossary/
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