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.