Standard market language is used directly. Other specialist terms carry a dotted underline on first use and open the same definition shown here.
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A ten-year point on the US Treasury’s daily par yield curve. The quoted rate is annualized; constant maturity keeps the tenor comparable across dates rather than tracking one particular bond.
This spread compares two points on the Treasury curve: 10Y minus 2Y. A reading below zero means the two-year yield exceeds the ten-year yield. Subtract the percentage quotes directly to obtain percentage points.
The ten-year real constant-maturity rate is fitted from TIPS market prices. TIPS link principal to inflation, so this quote belongs to an inflation-indexed bond curve; a subtraction using the latest inflation release gives a different measure.
A basis point is one hundredth of a percentage point. It gives a compact unit for small rate moves: a 0.10-percentage-point increase is 10 basis points, regardless of the starting rate.
Percentage points compare percentage levels by subtraction. Moving from 4% to 5% is +1 pp. Percentage change instead measures growth relative to the starting level, giving +25% in this example; pp and % answer different questions.
A term premium is the component of a longer-term Treasury yield associated with risk around future short rates. New York Fed estimates separate it from the expected short-rate path using a term-structure model, rather than observing it as a standalone market quote.
A yield curve lays out yields by maturity at one point in time. The Treasury chart compares tenors, so its horizontal axis is time to maturity rather than successive observation dates. An inverted segment has lower yields at longer maturities.
The US CPI summarizes price movement for consumer goods and services using expenditure weights. BLS publishes index levels as well as changes over specified intervals: the index itself is not a percentage inflation rate.
Payroll employment counts paid jobs at nonfarm establishments, not unique workers. Someone employed by two businesses can appear twice. The monthly payroll change is the difference between employment levels, while the headline level measures the stock of jobs.
Malaysia’s IPI brings together mining, manufacturing and electricity output. DOSM expresses production relative to a base period, allowing industrial activity to be compared over time without treating sales receipts as physical output.
Year-on-year asks how a month compares with the same month a year earlier; month-on-month uses the preceding month. With a positive comparison value, divide the current level by that value, subtract one and multiply by 100. Seasonal adjustment changes which series is being compared.
This Census Bureau release provides an early monthly estimate of receipts at US retail and food-service establishments. The adjusted series removes seasonal, holiday and trading-day effects, not inflation. Advance estimates can change as fuller information arrives.
Capacity utilization indicates how much industrial capacity is in use. In the Federal Reserve’s G.17 framework, output is compared with capacity attainable on a sustainable operating schedule, allowing for normal downtime and adequate inputs.
The weekly claims report is built from state unemployment-insurance administration. Initial claims capture applications to establish eligibility; continued claims relate to subsequent weeks of unemployment. These administrative counts describe benefit claims, not the entire unemployed population.
Department of Statistics Malaysia is the government agency behind Malaysia’s official statistics. Its remit includes collecting data and interpreting and disseminating statistics on the country’s economy and social development.
NODX covers the non-oil part of Singapore-origin merchandise exports. Origin includes goods made or transformed locally, even with imported inputs. Re-exports are a separate category because the imported goods leave without transformation.
FRED is a St. Louis Fed service for finding, charting and downloading economic time series from many publishers. Hosting a series does not make FRED its original statistical producer: each series has source information identifying the relevant institution.