Five new multiple-choice questions every day, covering both fixed-income topics (yield curve regimes, duration, spreads, historical rates) and general CFA curriculum (equity valuation, derivatives, portfolio theory, ethics, and macroeconomics). Roughly half bond, half general — balanced daily for comprehensive CFA prep.

How It Works

  • each day at midnight a new set of 5 questions is generated from a seed based on the date
  • click a choice to submit your answer — immediate feedback with an explanation
  • after all 5 questions, a score card appears with a shareable emoji grid
  • logged-in users' scores are saved automatically to the leaderboard

Question Categories

Fixed-Income:

  • Regime identification — given level and slope changes, name the yield curve regime
  • Duration ranking — compare modified duration across bonds with different maturities and yields
  • Spread direction — predict how the 2s10s spread changes under a given macro scenario
  • Historical yield levels — approximate the 10Y yield at significant market events
  • DV01 and convexity concepts — applied risk metric calculations

General CFA:

  • Equity valuation — Gordon Growth Model, CAPM, P/E analysis
  • Derivatives — option Greeks, put-call parity, strategies
  • Portfolio management — Sharpe ratio, MPT, rebalancing
  • Ethics — CFA Standards of Professional Conduct, GIPS
  • Economics — Fisher equation, Taylor Rule, fiscal and monetary policy

Scoring & Leaderboard

  • a colored emoji grid (green = correct, red = incorrect) summarizes your result
  • click Copy Result to share your score: www.yieldcurve.pro Quizdle 2026-03-12 🟩🟩🟥🟩🟩 4/5
  • Today tab shows the top scores for the current day
  • All Time tab ranks players by average score (minimum 3 games to qualify)
  • anonymous users can play but their scores are not saved

Use Cases

  • daily practice for CFA or fixed-income interview preparation
  • quick team activity for rates desks and portfolio teams
  • build intuition for how macro scenarios translate to curve movements

2026-04-27 · 5 questions · New quiz daily

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Play 3+ quizzes to appear on the all-time leaderboard.

1. On 27 April 2026, a portfolio manager observes that the 2-year US Treasury yield is 3.8%, the 10-year yield is 4.1%, and the Fed funds rate is 4.75%. The Fed has signaled no imminent rate cuts. Which regime best describes current market conditions?

2. A bond trader holds a 5-year zero-coupon bond with a face value of $1,000. The current yield-to-maturity is 4.0%. If yields rise by 50 basis points to 4.5%, which of the following most closely approximates the percentage price change?

3. A corporate bond with a 5-year maturity is trading at a spread of 180 bps over a matched-maturity US Treasury. The issuer's credit fundamentals have deteriorated, but overall risk appetite in credit markets remains stable. Which scenario would most likely result in a widening of the bond's OAS?

4. The current shape of the US Treasury yield curve shows the 10-year yield at 4.1% and the 2-year yield at 3.8%. According to the expectations hypothesis, if the market expects the 2-year rate to be 4.3% two years from now, what is the implied 2-year forward rate starting in year 2 (i.e., the f(2,4) forward rate)?

5. A bond fund manager uses a barbell strategy, holding both 2-year and 10-year US Treasuries but no intermediate bonds. The current 2-year yield is 3.8% and the 10-year yield is 4.1%. If the yield curve undergoes a parallel shift upward of 100 bps, which outcome is most likely?

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