Bond & Macro Market Signals Library
A structured reference for understanding market signals across fixed income, macro, market structure and financial infrastructure. Each entry explains what the concept means, why it matters and how to interpret it without presenting it as a guaranteed forecast or investment recommendation.
Bull Steepening
Bull Steepening is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bear Steepening
Bear Steepening is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bull Flattening
Bull Flattening is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bear Flattening
Bear Flattening is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
2s10s Curve Inversion
2s10s Curve Inversion is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
2s10s Re-Steepening
2s10s Re-Steepening is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
3m10y Curve Inversion
3m10y Curve Inversion is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Long-End Yield Breakout
Long-End Yield Breakout is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Front-End Yield Surge
Front-End Yield Surge is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Falling Real Yields
Falling Real Yields is a real yields concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Rising Real Yields
Rising Real Yields is a real yields concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Breakeven Inflation Rising
Breakeven Inflation Rising is a inflation concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Breakeven Inflation Falling
Breakeven Inflation Falling is a inflation concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Term Premium Rising
Term Premium Rising is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Term Premium Falling
Term Premium Falling is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Credit Spread Widening
Credit Spread Widening is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Credit Spread Compression
Credit Spread Compression is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
High-Yield Spread Spike
High-Yield Spread Spike is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Investment-Grade Spread Widening
Investment-Grade Spread Widening is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Sovereign Spread Widening
Sovereign Spread Widening is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Sovereign Spread Compression
Sovereign Spread Compression is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Risk-On Repricing
Risk-On Repricing is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Risk-Off Repricing
Risk-Off Repricing is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bond-Equity Divergence
Bond-Equity Divergence is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bond-Equity Correlation Flip
Bond-Equity Correlation Flip is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Dollar Funding Stress
Dollar Funding Stress is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Cross-Currency Basis Widening
Cross-Currency Basis Widening is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Repo Specialness
Repo Specialness is a repo concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Repo Rate Spike
Repo Rate Spike is a repo concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
SOFR Dislocation
SOFR Dislocation is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Money-Market Stress
Money-Market Stress is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Liquidity Premium Rising
Liquidity Premium Rising is a liquidity concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Liquidity Premium Falling
Liquidity Premium Falling is a liquidity concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
MOVE Index Spike
MOVE Index Spike is a volatility concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
VIX-MOVE Divergence
VIX-MOVE Divergence is a volatility concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Rate Volatility Compression
Rate Volatility Compression is a volatility concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Inflation Surprise Repricing
Inflation Surprise Repricing is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Growth Scare Signal
Growth Scare Signal is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Disinflation Repricing
Disinflation Repricing is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Reflation Signal
Reflation Signal is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Policy-Easing Repricing
Policy-Easing Repricing is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Policy-Tightening Repricing
Policy-Tightening Repricing is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Dovish Curve Shift
Dovish Curve Shift is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Hawkish Curve Shift
Hawkish Curve Shift is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
QT Liquidity Drain
QT Liquidity Drain is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
QE Liquidity Expansion
QE Liquidity Expansion is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Reserve Scarcity Signal
Reserve Scarcity Signal is a liquidity concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Collateral Scarcity Signal
Collateral Scarcity Signal is a collateral concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Treasury Auction Weakness
Treasury Auction Weakness is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Treasury Auction Strength
Treasury Auction Strength is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bid-to-Cover Deterioration
Bid-to-Cover Deterioration is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Tail at Auction
Tail at Auction is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Swap Spread Compression
Swap Spread Compression is a swaps concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Swap Spread Widening
Swap Spread Widening is a swaps concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
OIS Spread Stress
OIS Spread Stress is a swaps concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Forward Rate Repricing
Forward Rate Repricing is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Curve Butterfly Distortion
Curve Butterfly Distortion is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Duration Demand Surge
Duration Demand Surge is a bonds concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Convexity Hedging Pressure
Convexity Hedging Pressure is a bonds concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.