Fixed Income Intelligence
Live yields, spread monitor, yield curve inversion signal, real rates, and a free bond P&L calculator.
Live 10Y Government Yields
Macro Signals
UST Yield Curve โ 10Y minus 2Y
Yield curve positively sloped โ typical of mid-cycle expansion.
Historical context: The 2022โ2023 inversion peaked at โ108bps โ deepest since 1981. Spread normalized before 2024. Current: 51bps.
10Y Real Yield (TIPS)
Real rates above neutral. Borrowing expensive. Headwind for risk assets.
Source: FRED DFII10 ยท 10Y TIPS Constant Maturity
10Y Break-even Inflation
Inflation expectations moderately above 2% target.
Source: FRED T10YIE ยท Nominal 10Y minus TIPS 10Y
Spread & Duration Analysis
| Bond | Spread | ฮ |
|---|---|---|
| ๐ฎ๐น BTP | 58 bps | -10 |
| ๐ซ๐ท OAT | 59 bps | -13 |
| ๐ช๐ธ Bonos | 37 bps | -9 |
| ๐ฌ๐ง Gilt | 163 bps | -2 |
| ๐บ๐ธ US Treasury | 150 bps | -2 |
Rate Sensitivity Calculator
Bond Portfolio Impact
How much do you gain or lose if rates move?
TOTAL FACE VALUE
โฌ10.000
CURRENT VALUE
โฌ9900
MOD. DURATION
8.16y
Rate Scenario Impact โ keeping asset prices constant
Second-order Taylor approximation (Modified Duration + Convexity). Semi-annual coupon assumed. Actual P&L depends on accrued interest, bid-ask spread, and credit spread changes.
Sources: FRED (St. Louis Fed) ยท T10Y2Y, DFII10, T10YIE updated daily ยท ECB sovereign series updated monthly