Free macro dashboard: India and US yield curves, rates and inflation

Q: Where do I see the India 10-year bond yield?

Open Products → Yield Curves, click India and read the 10Y row. To chart it, click its row in the bond screener.

A free macro dashboard for Indian traders: India and US yield curves, the 10Y-2Y spread, world index maps, and inflation and interest rates by country.

SuperCharting gives you a free macro dashboard next to your charts. Three panels from the Products menu cover it: Yield Curves draws the India and US government bond curves with the 10-year minus 2-year spread, Macro Maps colours the world's main stock indices, VIX, the dollar index, gold and silver by their change, and World Economy lists inflation, central bank interest rates, GDP growth and more for 24 economies, India included. None of them is limited by plan, so they work on Essential, the free plan.

What each panel shows

Yield Curves

The panel has two chips, United States and India. The US curve runs from 1 month to 30 years (1M, 3M, 6M, 1Y, 2Y, 3Y, 5Y, 7Y, 10Y, 20Y, 30Y); the India curve from 3 months to 30 years (3M, 6M, 1Y, 2Y, 3Y, 5Y, 7Y, 10Y, 15Y, 30Y). You get:

A summary line with the 10Y−2Y spread in basis points and the word normal or inverted. Inverted means the 10-year yields less than the 2-year.
The curve as a line with one dot per maturity. Maturities are evenly spaced along the bottom, and hovering shows the maturity, the yield and the day's change.
A table with Maturity, Yield, Chg (the change in percentage points since the previous close) and Chg % (the change as a percentage of the yield), coloured by the day's move.

The panel reloads every two minutes while it is open. If no yields come back, it says so and offers Try again rather than showing old figures.

Macro Maps

A grid of tiles grouped into Americas, Europe, Asia-Pacific, Middle East & Africa and Gauges. Asia-Pacific includes the Nifty 50 and the Sensex next to the Nikkei 225, Hang Seng, Shanghai, KOSPI and others; the Gauges are VIX, the dollar index, gold and silver. Chips at the top switch the period between 1D, 1W, 1M and YTD, and each tile is coloured from red through grey to green by its change over that period, with a small legend showing the change that gives the strongest colour. Each tile shows the flag, the name, the change and the last level.

Most index levels here are delayed by 10 to 15 minutes, as the panel's footnote says, and the map refreshes every five minutes. Tiles for indices the workstation's own feeds carry, such as Nifty 50 and Sensex, open on the active chart when clicked.

World Economy

One row per economy and these columns: GDP growth, Inflation, Interest rate, Real rate (interest rate minus inflation), Unemployment, Government debt, Current account and GDP. Each figure is the latest published value. Click a column header to sort, for example by inflation, and click any figure to chart its history. Because these numbers come out monthly or less often, a chart on an intraday interval switches to the 1 month interval.

How to build a macro dashboard in SuperCharting

Open a chart of NSE:NIFTY or NSE:BANKNIFTY.
Click Products at the bottom of the widget bar on the right and choose Yield Curves. Click the star beside it in the Products menu to pin it to the widget bar.
Do the same for Macro Maps and World Economy, so all three are one click away. One side panel is open at a time, and the pinned icons switch between them.
In Yield Curves, click India and note the 10Y yield, its Chg and the spread. Click United States to compare.
In Macro Maps, choose 1W to see which regions moved most this week, then click the Nifty 50 tile to bring it to the chart.
In World Economy, click the Real rate header to rank economies, then click India's Inflation figure to see its history on the chart.
To chart a single yield, such as India's 10-year, open the bond screener and click its row. Indicators, drawings and alerts then work on it like any symbol.

On a phone, the same three panels are in the More menu under Markets.

How traders read the curve next to NIFTY and BANKNIFTY

The yield curve is a summary of what the bond market expects for rates and growth. A few common readings, for study rather than as signals:

Shape. A normal curve slopes upward: longer bonds pay more. A flat or inverted curve (negative 10Y−2Y spread) is often read as the market expecting rate cuts or slower growth.
Direction of the 10-year. Rising long yields raise borrowing costs and make bonds more attractive against shares, which traders watch most closely for banks and other rate-sensitive stocks. That is why many keep the India 10-year in view alongside NSE:BANKNIFTY.
India versus the US. The gap between the India and US 10-year yields is one of the things foreign investors weigh. A narrowing gap is sometimes linked with foreign selling in Indian equities, though many other factors are involved.
Real rates. In World Economy, a high real rate means policy is tight compared with inflation; a negative one means it is loose.

None of these relationships holds every time. Use them as background next to price, not as a trigger.

A practical example

Before the Indian open, a trader with NSE:BANKNIFTY on a 15-minute chart might check three things:

Yield Curves → India. Did the 10Y move much since the previous close, as shown in its Chg column? Is the spread still normal?
Yield Curves → United States. Did the US 10Y jump overnight? A sharp rise there often shows up in global risk appetite.
Macro Maps, 1D. Were the Asia-Pacific tiles red or green this morning, and how are the dollar index and VIX gauges moving?

If yields rose and the map is mostly red, the trader might expect a weaker start for banks and wait for the first 15-minute bar before acting. If yields eased, they might lean the other way. Either way, the panels inform the bias; the chart decides the entry. For the volatility side, read India VIX next to these, and for the dollar's effect on gold and the rupee see the DXY chart guide. For sector colours within India, the stock market heatmap goes deeper than Macro Maps.

What the dashboard does not do

Yield curves cover the United States and India only. For other countries' benchmarks, use the bond screener.
There is no inflation map: inflation and rates are a sortable table in World Economy.
The panels do not draw the curve as it was on a past date. To see how a yield moved over time, chart it from the bond screener.
The data is market data and published economic figures, with the delays noted above. It is for information and education, not investment advice.

Frequently asked questions

Is the macro dashboard free on SuperCharting?

Yes. Yield Curves, Macro Maps and World Economy are not limited by plan. They work on Essential, the free plan, once you are signed in.

Where do I see the India 10-year bond yield?

Open Products → Yield Curves, click India and read the 10Y row. To chart it, click its row in the bond screener.

What does "inverted" mean in the Yield Curves panel?

The 10-year yield is below the 2-year, so the 10Y−2Y spread is negative. When the spread is zero or positive, the panel says normal.

How often do the numbers update?

Yield Curves reloads every two minutes while open, Macro Maps every five minutes with most index levels delayed 10 to 15 minutes, and World Economy shows the latest published figure of each series.

Can I set an alert on a bond yield?

Yes. Open the yield on the chart from the bond screener and create a price alert on it, for example a Crossing alert at a round level.