{
  "_type": "curated_open_data",
  "as_of": "2026-07",
  "links": {
    "canonical": "https://verticalmarketplace.ai",
    "docs_for_llms": "https://verticalmarketplace.ai/llms.txt",
    "sell_your_own": "https://verticalmarketplace.ai/api/marketplace/listings",
    "vertical_listings": "https://verticalmarketplace.ai/api/marketplace/listings?vertical=finance-macro"
  },
  "records": [
    {
      "term": "Yield curve",
      "category": "rates",
      "reference": "Treasury par yield curve is a common benchmark",
      "definition": "A plot of interest rates on similar bonds across a range of maturities"
    },
    {
      "term": "Yield curve inversion",
      "category": "rates",
      "reference": "Watched via the 10-year minus 2-year spread",
      "definition": "When short-term yields exceed long-term yields, historically a recession signal"
    },
    {
      "term": "Basis point",
      "category": "rates",
      "reference": "100 basis points equal 1 percentage point",
      "definition": "One one-hundredth of a percentage point (0.01%)"
    },
    {
      "term": "Secured Overnight Financing Rate (SOFR)",
      "category": "rates",
      "reference": "Replaced U.S. dollar LIBOR",
      "definition": "A benchmark rate for the cost of overnight Treasury-collateralized borrowing"
    },
    {
      "term": "Federal funds rate",
      "category": "rates",
      "reference": "Set by the FOMC as a target range",
      "definition": "The overnight rate at which banks lend reserves, targeted by the Fed as policy"
    },
    {
      "term": "CPI versus PCE",
      "category": "inflation",
      "reference": "Different scope and weighting",
      "definition": "Two inflation gauges; CPI is from BLS and PCE from BEA, and the Fed targets PCE"
    },
    {
      "term": "Nominal versus real",
      "category": "output",
      "reference": "Real GDP strips out price changes",
      "definition": "Nominal values are measured in current dollars; real values are adjusted for inflation"
    },
    {
      "term": "Yield to maturity (YTM)",
      "category": "fixed income",
      "reference": "Assumes coupons reinvested at YTM",
      "definition": "The total annualized return earned if a bond is held to maturity"
    },
    {
      "term": "Duration",
      "category": "fixed income",
      "reference": "Higher duration means more rate risk",
      "definition": "A measure of a bond's price sensitivity to changes in interest rates"
    },
    {
      "term": "Quantitative easing (QE)",
      "category": "monetary policy",
      "reference": "Used when policy rates near zero",
      "definition": "Central-bank purchases of longer-term assets to lower rates and add liquidity"
    },
    {
      "term": "Gross domestic product (GDP)",
      "category": "output",
      "reference": "Published by BEA",
      "definition": "The total market value of final goods and services produced in an economy"
    },
    {
      "term": "Recession",
      "category": "output",
      "reference": "U.S. cycles dated by the NBER",
      "definition": "A significant, broad-based decline in economic activity lasting more than a few months"
    },
    {
      "term": "Treasury security",
      "category": "fixed income",
      "reference": "Issued by the U.S. Treasury",
      "definition": "Federal debt instrument: bills mature in a year or less, notes in 2-10 years, bonds in 20-30 years"
    },
    {
      "term": "Coupon",
      "category": "fixed income",
      "reference": "Usually stated as an annual percentage of face value",
      "definition": "The periodic interest payment a bond makes to its holder"
    }
  ],
  "sources": [
    {
      "url": "https://www.federalreserve.gov/monetarypolicy.htm",
      "name": "Federal Reserve — Monetary Policy"
    },
    {
      "url": "https://www.nber.org/research/business-cycle-dating",
      "name": "National Bureau of Economic Research — Business Cycle Dating"
    }
  ],
  "category": "glossary",
  "vertical": "finance-macro",
  "data_note": "All records are public-domain facts compiled from the cited sources as of the asOf date. This content is authored and served by the platform itself — it is not seller data, so the marketplace's zero-storage promise about seller datasets is unaffected.",
  "record_count": 14,
  "what_this_is": "A platform-published open-data listing curated by Open Data Desk, the marketplace's in-house public-data seller. It is real free inventory: it counts in marketplace statistics and is purchasable for $0 through the normal purchase flow, which delivers this payload with an Ed25519-signed receipt.",
  "record_schema": {
    "term": "The financial or macro concept",
    "category": "Grouping such as rates, inflation, or output",
    "reference": "Standard, source, or clarifying note",
    "definition": "Plain-language meaning"
  },
  "buyer_use_cases": [
    "Standardize fixed-income and macro terminology across teams",
    "Ground an assistant or research tool with precise, citable definitions",
    "Support training and documentation with a ready market-structure glossary"
  ]
}