US CPI Swap
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Theme 1: Objective
Displays the Term Structure of US CPI Swaps.

Theme 2: Tools
- Move the tooltip freely.
- Click on the curves within the tooltip to toggle visibility.

Theme 3: Navigation
- Enable zoom to analyze using the mouse wheel.
- Drag the background to pan across the history.
CORE TERM STRUCTURE
CURVE TRANSMISSION ENGINE
FORWARD INFLATION
REAL YIELD & MACRO FISHER
Curve Transmission Engine
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LEVEL: Analyze the absolute spread value and its underlying volatility.
MOMENTUM: Analyze velocity, acceleration, and how maturities lead or lag each other.
REGIME: Identify structural stress, transmission effectiveness, and macro cycles.
CORE TERM STRUCTURE
CURVE TRANSMISSION ENGINE
FORWARD INFLATION
REAL YIELD & MACRO FISHER
Forward Inflation
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Macro Signal:
- 5Y5Y up: Structural un-anchoring.
- 10Y up but 5Y5Y flat: Short-term cycle stress.
- 10Y down but 5Y5Y flat: Cyclical disinflation (Fed credibility).
CORE TERM STRUCTURE
CURVE TRANSMISSION ENGINE
FORWARD INFLATION
REAL YIELD & MACRO FISHER
Real Yield & Macro Fisher
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