> ## Documentation Index
> Fetch the complete documentation index at: https://financecontext.com/llms.txt
> Use this file to discover all available pages before exploring further.

# /macro-rates

> Build a macro and rates dashboard with economic indicators, yield curves, inflation, and swap spreads

## What is a Macro-Rates Dashboard?

A macro-rates dashboard combines key macroeconomic indicators (GDP, inflation, unemployment) with interest rate market data (yield curves, swap rates, real rates) to provide a comprehensive view of the economic and monetary environment. This is the starting point for most fixed income and macro trading strategies.

Understanding where we are in the economic cycle -- expansion, peak, contraction, or trough -- and what central banks are doing about it (tightening or easing policy) directly drives bond yields, swap rates, and curve shapes. A **normal yield curve** (upward-sloping, short rates below long rates) signals economic expansion and expectations of future rate hikes. An **inverted curve** (short rates above long rates) has historically preceded recessions. **Real rates** (nominal rates minus inflation expectations) indicate whether monetary policy is restrictive or accommodative.

## Command

```bash theme={null}
/macro-rates <country e.g. US> [timeframe e.g. 5Y]
```

Builds a comprehensive dashboard with macro indicators, yield curve analysis, real rate decomposition, and swap spread context.

## Workflow

<Steps>
  <Step title="Pull Macro Indicators">Calls `qa_macroeconomic` for GDP growth, CPI/inflation, unemployment, and policy rate.</Step>
  <Step title="Get Yield Curve">Calls `interest_rate_curve` for the government curve. Computes 2s10s and 3M-10Y slopes. Classifies curve shape.</Step>
  <Step title="Decompose Real Rates">Calls `inflation_curve` to compute real rates = nominal minus breakeven. Assesses whether real rates are accommodative or restrictive.</Step>
  <Step title="Analyze Swap Spreads">Calls `ir_swap` at 2Y, 5Y, 10Y. Computes swap spread and assesses financial conditions.</Step>
  <Step title="Historical Context">Calls `tscc_historical_pricing_summaries` for the benchmark yield to assess current yields vs. history.</Step>
  <Step title="Synthesize">Presents macro summary, yield curve with slopes, real rate decomposition, swap spreads, and overall assessment.</Step>
</Steps>

## Output

Present as a dashboard with labeled sections. Lead with overall macro assessment (2-3 sentences), then detail each component.

## Related Skill

See the [Macro Rates Monitor skill](/en/partner-built/lseg/skills/macro-rates-monitor) for domain knowledge on macro-rates analysis.