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.
Up3
Down22
Flat0
Constructive0
Mixed3
Defensive22
RatesUp1Down9of 10
CreditUp2Down12of 14
Rates are broadly weaker. Credit is broadly weaker.
Informational research signals • Not investment advice.
Latest source close: Oct 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.
1SRLN · Senior Loans
Up 44d
2RINF · Inflation Expectations
Up 40d
3BKLN · Senior Loans
Up 40d
Longest Downtrend Durations
Inflation-linked and credit-risk exposures remain under the most persistent downside pressure.
1CMBS · CMBS
Down 135d
2USHY · High Yield Corporates
Down 88d
3SCHP · TIPS (Broad)
Down 86d
“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 • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯33Fragile |
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Treasuries
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 05 assets
+EDVDQ 100 | Treasury STRIPS | Down • Defensive • Fragile Very weak momentum • Medium vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯36Fragile |
+TLTDQ 100 | 20+ Treasuries | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯36Fragile |
+IEFDQ 100 | 7–10y Treasuries | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯32Fragile |
+SHYDQ 100 | 1–3y Treasuries | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯22Fragile |
+SGOVDQ 100 | 0-3 Month Treasuries | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▯▯▯▯▯▯▯▯▯3Noisy |
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Inflation
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 03 assets
+SCHPDQ 100 | TIPS (Broad) | Down • Defensive • Moderate Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▮▯▯▯▯▯41Moderate |
+VTIPDQ 100 | Short TIPS | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯36Fragile |
+RINFDQ 100 | Inflation Expectations | Up • Mixed • Noisy Moderate momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯17Noisy |
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Structured Credit
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 02 assets
+MBBDQ 100 | Agency MBS | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯32Fragile |
+CMBSDQ 100 | CMBS | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯28Fragile |
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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 • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯37Fragile |
+LQDDQ 100 | IG Corporates | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯37Fragile |
+SPSBDQ 100 | Short Duration Corporates | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯25Fragile |
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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 • Moderate Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▮▯▯▯▯▯42Moderate |
+USHYDQ 100 | High Yield Corporates | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▮▯▯▯▯▯39Fragile |
+HYGHDQ 100 | Interest Rate Hedged High Yield | Down • Defensive • Noisy Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯18Noisy |
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Floating Rate Credit
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Sorted by Stability ↓Uptrends 2Constructive 0DQ warnings 03 assets
+BKLNDQ 100 | Senior Loans | Up • Mixed • Noisy Negative momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯16Noisy |
+SRLNDQ 100 | Senior Loans | Up • Mixed • Noisy Negative momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯14Noisy |
+FLOTDQ 100 | Floating-Rate Notes | Down • Defensive • Noisy Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▯▯▯▯▯▯▯▯10Noisy |
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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 • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯26Fragile |
+IGOVDQ 100 | International Treasury (developed) | Down • Defensive • Noisy Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯17Noisy |
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Emerging Market Debt
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 02 assets
+EMBDQ 100 | EM USD Sovereign | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯38Fragile |
+EMLCDQ 100 | Local Currency Bond | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯17Noisy |
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Municipals
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Sorted by Stability ↓Uptrends 0Constructive 0DQ warnings 01 assets
+MUBDQ 100 | National Municipals | Down • Defensive • Moderate Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▮▯▯▯▯▯47Moderate |
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