Yield curve dashboard
Yield curve dashboard - live reading and what it implies
A useful yield curve dashboard does three things: shows the current curve and the key spreads (2s10s, 5s30s), puts those readings in historical context, and tells you what the current shape implies for risk assets, credit, and equity duration. Market Ontology's dashboard combines the live Treasury curve with the broader rate stack - policy rates, breakevens, real yields, financial conditions - and overlays the macro regime read so the curve is not interpreted in isolation.
- Live curve
- Full Treasury yield curve plus 2s10s, 5s30s, 3m10y spreads with current readings.
- Historical context
- Where current spreads sit versus 1y, 5y, and cycle history.
- Regime overlay
- What the current shape implies given growth, inflation, and policy stance.
- Transmission
- How curve moves propagate into credit spreads, equity duration, and FX.
Why the curve only matters in context
The 2s10s spread is the single most-cited macro indicator and one of the most over-interpreted. An inversion is a useful signal - but only when it is read alongside policy stance, inflation expectations, real yields, and financial conditions. A flattening curve in a hiking cycle means something different from a flattening curve in a cutting cycle.
The dashboard is built around that principle: never read a single spread in isolation.
What you see
- The current curve plotted across all on-the-run Treasuries
- Key spreads (2s10s, 5s30s, 3m10y) with current value, 1y range, and 5y range
- Real yields and 5Y/10Y breakevens from TIPS
- Fed Funds path and OIS-implied policy expectations
- Financial Conditions Index for the broader context
- The macro regime banner - so the curve is interpreted within the current cycle
How to use it
The dashboard is the entry point for the rates view. From here you can drill into the inflation system, the monetary policy module, or the cross-asset transmission view that traces curve moves into credit and equities.
Start using Market Ontology
Opens in Market Ontology. First uses free, then pay per use.
Do this in Market Ontology
- Treasury yield curve analysis from released dataTrack the US Treasury yield curve from FRED: 2s10s and 3m10y spreads, inversion history and what changes in slope have preceded.
- Track inflation from CPI, PCE and market breakevensMonitor US inflation from released data: CPI and core CPI, PCE, and 5- and 10-year breakevens, with what the next release needs to show.
- Track the US labor market from released dataFollow payrolls, unemployment, jobless claims and wage growth from FRED, with the Sahm rule reading and trend versus the prior year.
- Central bank policy analysisRead Federal Reserve policy from the funds rate, real rates and released statements, and compare the stance with inflation and labor data.