Yield Curve
Where the Treasury curve sits today, what it implies about future short rates, and whether its shape is unusual against its own history.
Use this when the question is about rates themselves rather than any one bond — the level of the whole curve, the slope between two maturities, and what the market is pricing into the years ahead.
Each tab asks a different question of the same curve: where it stands today, what forward short rates it implies, how today's spreads rank against their own history, how the whole surface has moved, and how much of the long end is term premium rather than expectation.
Shape is read in spreads — 2s10s for slope, the 2s5s10s butterfly for curvature — and ranked by percentile against history rather than judged by eye, so "steep" means steep relative to what this curve normally does.
The curve on any single day and whether it's normal or inverted.
What future short-term rates the market is pricing in.
Today's spreads and shape versus their own history.
How the whole curve has moved over time.
Trend vs. noise in the curve, and the price of holding duration risk.
Toggle Tenor/Linear in Curve to change x-axis spacing.
Toggle 1M/1Y/Real/B-E overlays in Curve.
Switch tabs to change which question is being asked of the curve.
Hover any chart for the exact value.