TradingView Yield curves: navigate bond rates and charts

To help you dive deeper into bond market analysis and craft a strong strategy, we've designed TradingView Yield сurves. This tool allows you to evaluate the returns of bonds with different maturities and uncover the best bond rates worldwide.

CONTENTS:

How bonds work
What are TradingView Yield curves
Yield curves vs Supercharts
Other TradingView bond tools

How bonds work

Government bonds are securities issued by the state to finance its current spending and fulfill its obligations. Buyers of bonds act as lenders, while the state acts as a borrower. Depending on government policy, bonds have different terms, ranging from one month to 95 years.

Government bonds are considered low-risk investments as their issuers are governments that are less likely than private entities to face default or experience serious turbulence. Some bonds can be bought only at the moment of their issuance, while others can also be found on the secondary market.

Most bondholders benefit from regular, usually semiannual, payments, or coupons. At the bond's maturity, investors are repaid with the bond's par value.

For example, an investor buys a bond at €1,000 par value with a 2.2% coupon rate and a maturity period of 10 years. This would bring them €220 per year in two semiannual payments of €110 for 10 years, which is €2,200 total. Plus, the government pays the investor back €1,000 when the bond matures. The final payment a bondholder would receive is €1,220.

Not all bonds have a coupon rate. These are known as zero-coupon bonds. Short-term bonds — with less than a year of maturity — are usually sold at a discount to their par value and do not generate a stable cash flow due to their short-term lifespan.

For example, a £100 one-year bond can be offered at a 2.52% discount to its par value. An investor buys it at £97.48. When such a bond matures, an investor receives £100.

It's worth noting that bonds are inversely correlated with stocks. When stock prices rise, bond prices fall.

Additionally, the prices of currently owned bonds change as new bonds are issued. The higher the coupon rate of new bonds, the lower the prices of previously issued bonds.

Interestingly, April 2025 was the month when Swiss short-term bonds — for the first time since 2022 — started to offer negative yields, meaning that bondholders would receive less money than they paid to purchase these bonds. This was due to market fluctuations, global economic uncertainty, and increased demand for highly stable securities with guaranteed returns, even if they are negative.

What are TradingView Yield curves

Bonds are issued regularly, some even weekly. Most bonds are liquid, meaning they can be traded on the secondary market. To understand the relationship between previously issued and new bonds, investors use Yield curves — a visual tool that displays changes in bond yields on a single chart.

Yield curves gather bond data and display it on two different scale types:

Tenor scale: Used to represent bonds by their maturities and evaluate their risk exposure. Each point on this scale represents the duration of the bond and its yield. The spacing between maturity points reflects the level of uncertainty — the greater the spacing, the greater the risk
Linear scale: Represents data in which unit changes, such as bond's yield and time to maturity, are displayed with equal spacing. While bond relationships are often nonlinear, a linear scale helps visualize approximate changes, compare values across different bonds, and determine overall trends

Next to this button, you can find "Key tenors" — activate them to view the most commonly traded bonds with key maturities, which are also used as benchmarks.

Widely accepted as key tenors are:

Months: 1, 3, 6
Years: 1, 2, 3, 5, 7, 10, 20, 30

Easily switch between them to find the most liquid bonds. This will help you identify crucial time points that many investment funds, banks, insurance companies, and other key players closely monitor.

When you're on the Yield curves page, you'll first see data for US bonds. By default, these three curves represent different yields of Treasuries offered on three different dates: today, one month ago, and one year ago.

The data shown on the curves is also presented in columns and rows below the chart, with different maturities for the selected bonds. To hide a curve, simply deselect it from the list.

To compare different countries' bonds, press the "+ Add" button and select the one you want to view and compare.

On the right side of the structured data, find the "Clone" button and press it to create a new curve for the same government bond.

Change the bond dates if you want to compare it with previous values.

When you’ve finetuned your Yield curves, you can share your work with your friends, trading peers, or subscribers. Look for the "Take a snapshot" button next to the scale menu.

And now, let's see how the Yield curves are connected with other TradingView tools and how you can enhance your analysis by utilizing all of them while exploring the bond universe.

Yield curves vs Supercharts

Both Yield curves and Supercharts are visual tools, but how do they differ?

Look at these two charts.

On Supercharts, you can choose one particular bond (e.g., the 10-year US Treasuries) and linearly look at its changes over time. Of course, you can also add a symbol by pressing the "Compare or Add symbol" button, but the data you view here is more about an in-depth investigation of a single bond's performance.

On Yield curves — even on a linear scale — you see all the bonds of a country across different time periods. Here, the 10-year US treasuries are located in one place for one chosen time period (e.g., today).

Another important difference is that Supercharts allow you to study the past, while Yield curves project bonds' rates into the future.

To access Yield curves from the Supercharts, find the "Yield curves" button on the right toolbar.

Split view is also available for our screeners, calendars, and other TradingView products. To boost your analysis, learn simple steps to Split view mode.

That said, Supercharts give you the power to study one bond precisely and examine all its changes in a granular way, while Yield curves is a nationwide bond comparison tool.

Other TradingView bond tools

The bond universe does not exist in a vacuum. Bond markets are affected by the global economy, the performance of other assets, and the policies of various financial players.

To stay updated, you may want to follow bond news and explore the Economic Calendar — who knows what interest rates will be or where global capital is headed next?

Aside from Supercharts, you can also explore the Bond Heatmap and Bond Screener tools — a thorough study of bond fundamentals is what defines a solid analysis from a shaky one.

Last but not least — check out community ideas on bonds. Look inside the other traders' Minds and discover what they're up to. You might even learn a trick or two.

The bottom line

Government bonds are low-risk investments that are also traded on the secondary market, just like stocks. Their par value is determined at the moment of issuance and then changes as new bonds are offered.

Bond auctions and distribution affect current bond prices, as new coupon rates can be higher or lower than those of existing ones. This may force some bondholders to sell their current bonds and purchase a new set of government-backed securities.

Both traders and investors use TradingView Yield curves to identify potentially profitable opportunities and trade on the Supercharts through trusted brokers.

Financial analysts study the global economy, follow news, and track community ideas to understand what moves financial markets.

Examine the Curves, explore our other products, and stay updated on bonds with TradingView.