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.
Up14
Down11
Flat0
Constructive0
Mixed14
Defensive11
RatesUp5Down5of 10
CreditUp9Down5of 14
Rates are mixed. Credit exposure is broadly trending higher.
Informational research signals • Not investment advice.
Data as of Market Close (May 19, 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 63d
2HYGH · Interest Rate Hedged High Yield
Up 21d
3BKLN · Senior Loans
Up 21d
Longest Downtrend Durations
Inflation-linked and credit-risk exposures remain under the most persistent downside pressure.
1SHY · 1–3y Treasuries
Down 46d
2MBB · Agency MBS
Down 42d
3BND · Total Bond Market
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 • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯25Fragile |
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Treasuries
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 05 assets
+EDVDQ 100 | Treasury STRIPS | Down • Defensive • Fragile Very weak momentum • Medium vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯33Fragile |
+TLTDQ 100 | 20+ Treasuries | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▮▯▯▯▯▯▯30Fragile |
+IEFDQ 100 | 7–10y Treasuries | Down • Defensive • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯24Fragile |
+SHYDQ 100 | 1–3y Treasuries | Down • Defensive • Fragile Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯22Fragile |
+SGOVDQ 100 | 0-3 Month Treasuries | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯6Noisy |
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Inflation
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Sorted by Stability ↓Uptrends 3Constructive 0DQ warnings 03 assets
+VTIPDQ 100 | Short TIPS | Up • Mixed • Fragile Moderate momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯26Fragile |
+RINFDQ 100 | Inflation Expectations | Up • Mixed • Fragile Strong momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯25Fragile |
+SCHPDQ 100 | TIPS (Broad) | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯14Noisy |
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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 Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯24Fragile |
+CMBSDQ 100 | CMBS | Down • Defensive • Fragile Weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯21Fragile |
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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 Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯20Fragile |
+LQDDQ 100 | IG Corporates | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯19Noisy |
+SPSBDQ 100 | Short Duration Corporates | Down • Defensive • Noisy Negative momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯17Noisy |
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High Yield Credit
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Sorted by Stability ↓Uptrends 3Constructive 0DQ warnings 03 assets
+ANGLDQ 100 | Fallen Angels | Up • Mixed • Fragile Negative momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯20Fragile |
+USHYDQ 100 | High Yield Corporates | Up • Mixed • Noisy Negative momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯17Noisy |
+HYGHDQ 100 | Interest Rate Hedged High Yield | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯11Noisy |
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Floating Rate Credit
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Sorted by Stability ↓Uptrends 3Constructive 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 | ▮▯▯▯▯▯▯▯▯15Noisy |
+FLOTDQ 100 | Floating-Rate Notes | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▯▯▯▯▯▯▯▯11Noisy |
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Global Bonds
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 02 assets
+BNDXDQ 100 | Global Aggregate ex-US | Down • Defensive • Fragile Very weak momentum • Low vol • Low persistence | Defensive | Down | ▮▮▯▯▯▯▯▯▯20Fragile |
+IGOVDQ 100 | International Treasury (developed) | Up • Mixed • Noisy Negative momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯18Noisy |
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Emerging Market Debt
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Sorted by Stability ↓Uptrends 2Constructive 0DQ warnings 02 assets
+EMLCDQ 100 | Local Currency Bond | Up • Mixed • Fragile Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯21Fragile |
+EMBDQ 100 | EM USD Sovereign | Up • Mixed • Noisy Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯18Noisy |
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Municipals
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Sorted by Stability ↓Uptrends 1Constructive 0DQ warnings 01 assets
+MUBDQ 100 | National Municipals | Up • Mixed • Fragile Weak momentum • Low vol • Low persistence | Mixed | Up | ▮▮▯▯▯▯▯▯▯22Fragile |
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