Digital Credit: Yields, Spreads & Regime

26 Okt

TN Preferreds is a yield-centric dashboard for bitcoin backed preferreds that overlays effective yields. It builds credit/benchmark spread series, a simple regime model (Risk-On / Cautious / Risk-Off), and a compact table that surfaces price, yield, target, upside and diagnostics—so you can quickly judge relative value and risk conditions.

What it does:

• Plots effective yields for STRF/STRC/STRK/STRD (+ CNLTN toggle).
  
• Pulls IG (FRED:BAMLC0A0CMEY), HY (FRED:BAMLH0A0HYM2EY) and US10Y as references.
  
• Computes Credit Spreads vs US10Y and Benchmark Spreads (F−IG, C−IG, K−IG−1%, D−HY) with EMAs/SMA for context.
  
• STRC monthly rate input: set 12 monthly percentages; the current month auto-applies to compute the dividend.
  
• Targets & upside: yield-parity targets for each series + % move to target
  
• Leader logic: picks the series with the strongest SMA-based spread improvement and estimates a leader target price.
  
• Risk regime: EMA-based deltas across spreads define Risk-On / Cautious / Risk-Off; optional background + last-bar label.
  
• Table view (bottom-right): price, eff. yield, target, upside, CS, BS, BS-EMA, BS-Diff, leader stats, regime deltas.
  

Notes:

• Designed for overlay on any chart (format = percent, right scale). Works best with a yield based basis like US10Y
  • FRED series must be available on your TradingView plan/region.
  
• Educational tool, not investment advice. Always validate assumptions (dividends, conversion terms, required spreads).
  

22 Nov

Nota Keluaran

Updated with sata

25 Nov

Nota Keluaran

Added STREAM