# Levels

Source: https://www.yieldcurve.pro/levels

This app allows users to chart rates for individual tenors as a function of time.



## Instructions

* choose the desired **Start** and **End** dates using the two date selectors — the chart updates automatically
* select one or more **Tenors** from the dropdown menu
* click the **sparkle** button to open **ChatYCP** and ask questions about the data (login required)

## Notes

* **Start** and **End** are pre-populated with the earliest and latest dates
available, respectively
* **Tenor** is pre-populated with short and long tenors from user preferences
or system defaults (3 Mo and 10 Yr, respectively). Logged-in users can change
these via [Account Defaults](https://www.yieldcurve.pro/about#header_defaults)
* try asking ChatYCP: *"What is the all-time high for the 10Y yield and when?"* or *"What was the average 10Y yield during 2023?"*

Use Cases

* visualize rates at different tenors as a function of time
* compare tenors cross-sectionally at distinct points in time
* identify high, low, and zero interest rate environments
* gain a sense for the temporal evolution of the overall **level** of rates

Further Reading

* <a href="https://www.frbsf.org/education/publications/doctor-econ/2004/july/yield-curve/" target="_blank">How has the yield curve moved over the past 25 years?</a>
* <a href="https://en.wikipedia.org/wiki/United_States_Treasury_security" target="_blank">US Treasuries</a>
* <a href="/blog/why-the-yield-curve-matters">The Importance of the US Treasury Yield Curve</a>
* <a href="/blog/yield-curve-recession-false-positive">The Yield Curve Predicted a Recession That Never Came</a>
