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Fixed Income

The Fixed Income page provides tools for yield curve analysis, central bank rate monitoring, credit stress tracking, and US fiscal data. These indicators are essential for understanding interest rate environments, credit conditions, and sovereign risk.

FinBrain Terminal Fixed Income

US Treasury Yield Curve

Section titled “US Treasury Yield Curve”

An interactive line chart displaying US Treasury par yields across the full maturity spectrum:

Maturities covered: 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 5 years, 7 years, 10 years, 20 years, 30 years

Curve Interpretation

Section titled “Curve Interpretation”
ShapeMeaning
Normal (upward sloping)Longer maturities yield more than shorter — indicates market expects economic growth
FlatSimilar yields across maturities — transition period, uncertainty about direction
Inverted (downward sloping)Short-term rates exceed long-term — historically precedes recessions

The widget includes automatic inversion detection, highlighting when the curve inverts. A compact version of this chart also appears on the Dashboard.

EUR Yield Curve

Section titled “EUR Yield Curve”

AAA-rated European sovereign bond yields from the ECB, providing a comparable view of European rate expectations. This curve covers EUR government bonds with the highest credit quality.

Like the US curve, this widget includes inversion detection. Comparing the US and EUR curves side-by-side reveals divergences in monetary policy expectations across the Atlantic.

Central Bank Policy Rates

Section titled “Central Bank Policy Rates”

A table of official policy rates from 12 major central banks, sourced from the Bank for International Settlements (BIS):

ColumnDescription
Central BankInstitution name and country
Current RateCurrent policy rate percentage
Last ChangeDirection and magnitude of the most recent adjustment
Effective DateDate the current rate became effective

This provides a single view of the global rate environment without needing to check each central bank individually.

Interbank Rates

Section titled “Interbank Rates”

Short-term funding rates that reflect conditions in the interbank lending market:

Rates Covered

Section titled “Rates Covered”
  • EURIBOR — Euro Interbank Offered Rate across multiple tenors
  • ESTR — Euro Short-Term Rate (ECB overnight reference rate)

Each rate includes a 30-day trend sparkline showing recent movement. A summary grid highlights the four key rates with their current values.

The ESTR history chart displays the overnight rate over time, providing context for ECB policy transmission into money markets.

Systemic Stress Index

Section titled “Systemic Stress Index”

The ECB Composite Indicator of Systemic Stress (CISS) with a 52-week history chart. The CISS measures stress across five financial market segments: money market, bond market, equity market, FX market, and financial intermediaries.

Reading the Stress Index

Section titled “Reading the Stress Index”
LevelInterpretation
Low (near 0)Calm market conditions, low systemic risk
Moderate (0.2-0.4)Elevated stress in one or more segments
High (above 0.4)Significant systemic stress across multiple market segments

The gauge visualization shows the current reading, while the area chart provides historical context to assess whether stress is building or subsiding.

US Fiscal Dashboard

Section titled “US Fiscal Dashboard”

Key US government fiscal indicators presented in a 2x2 metrics grid:

MetricDescription
National DebtTotal outstanding federal debt
Public DebtDebt held by the public (excluding intragovernmental holdings)
Monthly DeficitCurrent month’s budget shortfall or surplus
FYTD DeficitFiscal year-to-date cumulative deficit

An additional breakdown shows the effective interest rate on federal debt, providing context for the government’s borrowing costs relative to the yield curve.

Section titled “Related Resources”