# Yield Curve Control

*Macro & Economy — Finicade finance glossary*

Yield curve control targets a specific yield at a chosen maturity, with the central bank pledging to buy however many bonds it takes to hold the line. Where QE fixes a quantity, YCC fixes a price and lets quantity float. Japan ran it for years; the risk it demonstrates is that defending a peg against a market that stops believing it can require unlimited purchases, and exiting is disorderly.

**Also known as:** YCC, yield curve targeting

**Related terms:** [Quantitative Easing](https://finicade.com/glossary/quantitative-easing), [Yield Curve](https://finicade.com/glossary/yield-curve), [Central Bank](https://finicade.com/glossary/central-bank), [Forward Guidance](https://finicade.com/glossary/forward-guidance), [Monetary Policy](https://finicade.com/glossary/monetary-policy)

Source: https://finicade.com/glossary/yield-curve-control