Debt Momentum
A rules-based dashboard for tracking fixed-income trend structure across Treasuries, inflation-linked bonds, structured credit, corporate credit, floating-rate debt, municipals, emerging market debt, and global bond exposures.
Trend Framework
Trend is defined by the 20-day SMA relative to the 50-day SMA. Trend Duration tracks how long that state has persisted without interruption.
Rates vs Credit
Debt signals can separate into duration-sensitive rates exposure and spread-sensitive credit exposure. For summary purposes, blended categories like municipals and global bonds are assigned to a single bucket to keep the signal interpretable.
Debt market context: Bond uptrends do not necessarily imply improving economic conditions. In some regimes, strength in duration reflects defensive positioning, falling rate expectations, or growth concerns, while credit can weaken as spreads widen and financing conditions tighten.
Up2
Down23
Flat0
Constructive0
Mixed2
Defensive23
RatesUp2Down8of 10
CreditUp0Down14of 14
Rates are broadly weaker. Credit is broadly weaker.
Informational research signals • Not investment advice.
Data as of Market Close (Apr 02, 2026)
Rates & Credit
Debt Markets
Trend signals across duration, inflation-linked bonds, spread products, and global debt.
Longest Uptrend Durations
Structured credit, municipals, and select duration-sensitive exposures are showing the longest persistent uptrends.
1VTIP · Short TIPS
Up 31d
2SGOV · 0-3 Month Treasuries
Up 3d
Longest Downtrend Durations
Inflation-linked and credit-risk exposures remain under the most persistent downside pressure.
1RINF · Inflation Expectations
Down 58d
2BKLN · Senior Loans
Down 44d
3SRLN · Senior Loans
Down 42d
“Constructive,” “Mixed,” and “Defensive” describe internal trend confirmation quality. They do not directly imply stronger or weaker macro conditions and may reflect regime-specific dynamics such as duration strength during defensive regimes or credit weakness during spread widening. Stability measures structure quality, not whether the direction itself is favorable.
Benchmark
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 01 assets
+BNDDQ 100 | Total Bond Market | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯13Noisy |
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Treasuries
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 05 assets
+SHYDQ 100 | 1–3y Treasuries | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯15Noisy |
+IEFDQ 100 | 7–10y Treasuries | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
+EDVDQ 100 | Treasury STRIPS | Down • Defensive • Noisy Negative momentum • Medium vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯12Noisy |
+TLTDQ 100 | 20+ Treasuries | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯12Noisy |
+SGOVDQ 100 | 0-3 Month Treasuries | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯9Noisy |
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Inflation
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 03 assets
+VTIPDQ 100 | Short TIPS | Up • Mixed • Fragile Moderate momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯23Fragile |
+RINFDQ 100 | Inflation Expectations | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
+SCHPDQ 100 | TIPS (Broad) | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯13Noisy |
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Structured Credit
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 02 assets
+CMBSDQ 100 | CMBS | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
+MBBDQ 100 | Agency MBS | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯12Noisy |
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Investment Grade Credit
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 03 assets
+IGLBDQ 100 | Long Duration Corporates | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯15Noisy |
+LQDDQ 100 | IG Corporates | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
+SPSBDQ 100 | Short Duration Corporates | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯11Noisy |
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High Yield Credit
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 03 assets
+ANGLDQ 100 | Fallen Angels | Down • Defensive • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯21Fragile |
+USHYDQ 100 | High Yield Corporates | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯18Noisy |
+HYGHDQ 100 | Interest Rate Hedged High Yield | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯17Noisy |
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Floating Rate Credit
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 03 assets
+BKLNDQ 100 | Senior Loans | Down • Defensive • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯25Fragile |
+SRLNDQ 100 | Senior Loans | Down • Defensive • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯24Fragile |
+FLOTDQ 100 | Floating-Rate Notes | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯13Noisy |
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Global Bonds
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 02 assets
+BNDXDQ 100 | Global Aggregate ex-US | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
+IGOVDQ 100 | International Treasury (developed) | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
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Emerging Market Debt
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 02 assets
+EMLCDQ 100 | Local Currency Bond | Down • Defensive • Fragile Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯21Fragile |
+EMBDQ 100 | EM USD Sovereign | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯16Noisy |
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Municipals
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 01 assets
+MUBDQ 100 | National Municipals | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯14Noisy |
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