如何检查收益率曲线倒挂
比较两个收益率,用基点读出利差。
阅读指南 →通过 REST 和 MCP 获取9个国家和地区的国债收益率曲线。读取单个来源日期的数据或分页历史数据,数值以十进制百分数字符串表示。
curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/GBR/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/USA/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/DEU/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/JPN/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/CAN/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/SWE/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/NOR/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/AUS/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/EMU/yield-curve?date=2026-09-10&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"curl --request GET \
--url "https://api.narwhalapi.com/v1/economics/GBR/yield-curve/history?start=2026-09-09&end=2026-09-10&limit=100&maturity=2y%2C10y" \
--header "Authorization: Bearer $NARWHAL_API_KEY"/v1/economics/{country}/yield-curve某个国家的一条观测值:最新值,或你指定的数据源日期的值。
country必填三位字母代码:USA、GBR、DEU、JPN、CAN、SWE、NOR、AUS、EMU。
date可选省略时返回最新的已收录观测值。传入该参数时,选取对应的确切期间;无数据的期间返回 404。
version_id可选可选的不可变发布版本。省略时读取当前已收录的曲线。
curve_type可选可选的 curve_type 在两个路由上都用于指定曲线,仅适用于 NOR、AUS 和 EMU,这三个国家各提供两条曲线。省略时返回第一条曲线,响应会在 curve_type 中给出其名称。指定该国不提供的曲线时返回 400 错误。
maturity可选在两个路由上均为可选。省略时返回完整的可用曲线。USA: 1m, 1.5m, 2m, 3m, 4m, 6m, 1y, 2y, 3y, 5y, 7y, 10y, 20y, 30y. GBR: 0.5y, 1y, 1.5y, 2y, 2.5y, 3y, 3.5y, 4y, 4.5y, 5y, 5.5y, 6y, 6.5y, 7y, 7.5y, 8y, 8.5y, 9y, 9.5y, 10y, 10.5y, 11y, 11.5y, 12y, 12.5y, 13y, 13.5y, 14y, 14.5y, 15y, 15.5y, 16y, 16.5y, 17y, 17.5y, 18y, 18.5y, 19y, 19.5y, 20y, 20.5y, 21y, 21.5y, 22y, 22.5y, 23y, 23.5y, 24y, 24.5y, 25y, 25.5y, 26y, 26.5y, 27y, 27.5y, 28y, 28.5y, 29y, 29.5y, 30y, 30.5y, 31y, 31.5y, 32y, 32.5y, 33y, 33.5y, 34y, 34.5y, 35y, 35.5y, 36y, 36.5y, 37y, 37.5y, 38y, 38.5y, 39y, 39.5y, 40y. DEU: 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 11y, 12y, 13y, 14y, 15y, 16y, 17y, 18y, 19y, 20y, 21y, 22y, 23y, 24y, 25y, 26y, 27y, 28y, 29y, 30y. JPN: 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 15y, 20y, 25y, 30y, 40y. CAN: 0.25y, 0.5y, 0.75y, 1y, 1.25y, 1.5y, 1.75y, 2y, 2.25y, 2.5y, 2.75y, 3y, 3.25y, 3.5y, 3.75y, 4y, 4.25y, 4.5y, 4.75y, 5y, 5.25y, 5.5y, 5.75y, 6y, 6.25y, 6.5y, 6.75y, 7y, 7.25y, 7.5y, 7.75y, 8y, 8.25y, 8.5y, 8.75y, 9y, 9.25y, 9.5y, 9.75y, 10y, 10.25y, 10.5y, 10.75y, 11y, 11.25y, 11.5y, 11.75y, 12y, 12.25y, 12.5y, 12.75y, 13y, 13.25y, 13.5y, 13.75y, 14y, 14.25y, 14.5y, 14.75y, 15y, 15.25y, 15.5y, 15.75y, 16y, 16.25y, 16.5y, 16.75y, 17y, 17.25y, 17.5y, 17.75y, 18y, 18.25y, 18.5y, 18.75y, 19y, 19.25y, 19.5y, 19.75y, 20y, 20.25y, 20.5y, 20.75y, 21y, 21.25y, 21.5y, 21.75y, 22y, 22.25y, 22.5y, 22.75y, 23y, 23.25y, 23.5y, 23.75y, 24y, 24.25y, 24.5y, 24.75y, 25y, 25.25y, 25.5y, 25.75y, 26y, 26.25y, 26.5y, 26.75y, 27y, 27.25y, 27.5y, 27.75y, 28y, 28.25y, 28.5y, 28.75y, 29y, 29.25y, 29.5y, 29.75y, 30y. SWE: 1m, 3m, 6m, 2y, 5y, 7y, 10y. NOR: 6m, 9m, 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y. AUS: 2y, 3y, 5y, 10y. EMU: 3m, 6m, 9m, 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 11y, 12y, 13y, 14y, 15y, 16y, 17y, 18y, 19y, 20y, 21y, 22y, 23y, 24y, 25y, 26y, 27y, 28y, 29y, 30y. 重复项会被去除,期限按顺序排列。不支持的标签返回 400。
countryISO alpha-3 字符串所请求的国家或地区。
curve_type"nominal_par" | "nominal_zero_coupon" | "spot_svensson" | "constant_maturity_ytm" | "zero_coupon" | "constant_maturity_benchmark" | "spot_svensson_aaa"美国:名义平价收益率(美国财政部)。英国:连续复利名义零息收益率(英国央行,即英格兰银行)。德国:Svensson 即期收益率(德国联邦银行)。日本:固定期限日本国债到期收益率(日本财务省)。加拿大:零息(贴现)收益率(加拿大央行)。瑞典:政府票据和债券基准收益率(瑞典央行)。挪威:政府证券零息收益率(挪威央行)。澳大利亚:政府债券到期收益率(澳大利亚储备银行)。欧元区:AAA 评级政府债券即期利率(欧洲央行)。
dateYYYY-MM-DD 字符串这条曲线上所有数据点共用的来源日期。
yields数组可用的期限,按从短到长排序。即使只有一个期限,也仍以数组返回。
yields[].maturity字符串支持的期限标签之一。
yields[].tenor字符串tenor 是以标准期限表示的到期时间,因此无论数据源写作 6m 还是 0.5y,六个月在每个国家都是 P6M。
yields[].yield_percent十进制字符串收益率,以百分比表示,保留来源数据的小数精度。
/v1/economics/{country}/yield-curve/history区间内的每条观察值,从旧到新排序,每页最多 1,000 条。沿着 next_cursor 继续读取,直到它为 null。
country必填三位字母代码:USA、GBR、DEU、JPN、CAN、SWE、NOR、AUS、EMU。
start可选包含下界。省略时从第一个可用期间开始。
end可选包含上界,不能早于 start。省略时到最后一个可用期间为止。
limit可选默认值 100。按日期或年份计数,而不是按单个收益率数据点计数。
cursor可选请原样传入 next_cursor,并保持国家、筛选条件和 limit 不变。游标在 24 小时后过期。
as_of可选返回截至该 UTC 日结束时已发布的曲线。
curve_type可选可选的 curve_type 在两个路由上都用于指定曲线,仅适用于 NOR、AUS 和 EMU,这三个国家各提供两条曲线。省略时返回第一条曲线,响应会在 curve_type 中给出其名称。指定该国不提供的曲线时返回 400 错误。
maturity可选在两个路由上均为可选。省略时返回完整的可用曲线。USA: 1m, 1.5m, 2m, 3m, 4m, 6m, 1y, 2y, 3y, 5y, 7y, 10y, 20y, 30y. GBR: 0.5y, 1y, 1.5y, 2y, 2.5y, 3y, 3.5y, 4y, 4.5y, 5y, 5.5y, 6y, 6.5y, 7y, 7.5y, 8y, 8.5y, 9y, 9.5y, 10y, 10.5y, 11y, 11.5y, 12y, 12.5y, 13y, 13.5y, 14y, 14.5y, 15y, 15.5y, 16y, 16.5y, 17y, 17.5y, 18y, 18.5y, 19y, 19.5y, 20y, 20.5y, 21y, 21.5y, 22y, 22.5y, 23y, 23.5y, 24y, 24.5y, 25y, 25.5y, 26y, 26.5y, 27y, 27.5y, 28y, 28.5y, 29y, 29.5y, 30y, 30.5y, 31y, 31.5y, 32y, 32.5y, 33y, 33.5y, 34y, 34.5y, 35y, 35.5y, 36y, 36.5y, 37y, 37.5y, 38y, 38.5y, 39y, 39.5y, 40y. DEU: 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 11y, 12y, 13y, 14y, 15y, 16y, 17y, 18y, 19y, 20y, 21y, 22y, 23y, 24y, 25y, 26y, 27y, 28y, 29y, 30y. JPN: 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 15y, 20y, 25y, 30y, 40y. CAN: 0.25y, 0.5y, 0.75y, 1y, 1.25y, 1.5y, 1.75y, 2y, 2.25y, 2.5y, 2.75y, 3y, 3.25y, 3.5y, 3.75y, 4y, 4.25y, 4.5y, 4.75y, 5y, 5.25y, 5.5y, 5.75y, 6y, 6.25y, 6.5y, 6.75y, 7y, 7.25y, 7.5y, 7.75y, 8y, 8.25y, 8.5y, 8.75y, 9y, 9.25y, 9.5y, 9.75y, 10y, 10.25y, 10.5y, 10.75y, 11y, 11.25y, 11.5y, 11.75y, 12y, 12.25y, 12.5y, 12.75y, 13y, 13.25y, 13.5y, 13.75y, 14y, 14.25y, 14.5y, 14.75y, 15y, 15.25y, 15.5y, 15.75y, 16y, 16.25y, 16.5y, 16.75y, 17y, 17.25y, 17.5y, 17.75y, 18y, 18.25y, 18.5y, 18.75y, 19y, 19.25y, 19.5y, 19.75y, 20y, 20.25y, 20.5y, 20.75y, 21y, 21.25y, 21.5y, 21.75y, 22y, 22.25y, 22.5y, 22.75y, 23y, 23.25y, 23.5y, 23.75y, 24y, 24.25y, 24.5y, 24.75y, 25y, 25.25y, 25.5y, 25.75y, 26y, 26.25y, 26.5y, 26.75y, 27y, 27.25y, 27.5y, 27.75y, 28y, 28.25y, 28.5y, 28.75y, 29y, 29.25y, 29.5y, 29.75y, 30y. SWE: 1m, 3m, 6m, 2y, 5y, 7y, 10y. NOR: 6m, 9m, 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y. AUS: 2y, 3y, 5y, 10y. EMU: 3m, 6m, 9m, 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y, 11y, 12y, 13y, 14y, 15y, 16y, 17y, 18y, 19y, 20y, 21y, 22y, 23y, 24y, 25y, 26y, 27y, 28y, 29y, 30y. 重复项会被去除,期限按顺序排列。不支持的标签返回 400。
countryISO alpha-3 字符串所请求的国家或地区。
curve_type"nominal_par" | "nominal_zero_coupon" | "spot_svensson" | "constant_maturity_ytm" | "zero_coupon" | "constant_maturity_benchmark" | "spot_svensson_aaa"美国:名义平价收益率(美国财政部)。英国:连续复利名义零息收益率(英国央行,即英格兰银行)。德国:Svensson 即期收益率(德国联邦银行)。日本:固定期限日本国债到期收益率(日本财务省)。加拿大:零息(贴现)收益率(加拿大央行)。瑞典:政府票据和债券基准收益率(瑞典央行)。挪威:政府证券零息收益率(挪威央行)。澳大利亚:政府债券到期收益率(澳大利亚储备银行)。欧元区:AAA 评级政府债券即期利率(欧洲央行)。
observations数组按时间从早到晚排序。缺失的期间会被省略;有效但没有数据的范围返回空数组。
observations[].dateYYYY-MM-DD 字符串这条曲线上所有数据点共用的来源日期。
observations[].yields数组可用的期限,按从短到长排序。即使只有一个期限,也仍以数组返回。
observations[].yields[].maturity字符串支持的期限标签之一。
observations[].yields[].tenor字符串tenor 是以标准期限表示的到期时间,因此无论数据源写作 6m 还是 0.5y,六个月在每个国家都是 P6M。
observations[].yields[].yield_percent十进制字符串收益率,以百分比表示,保留来源数据的小数精度。
next_cursor字符串或 null不透明的续页令牌;null 表示没有下一页。
Japan's yield data is reused under Public Data License 1.0. Narwhal formats the source data for the API. This version was not created by the Ministry of Finance, Japan. Source licence
Source: Sveriges Riksbank. The data date is shown alongside the data. Narwhal has no official collaboration or partnership with the Riksbank.
Source: Norges Bank. Values are shown as published.
Source Reserve Bank of Australia 2026. The RBA publishes this data free of charge at rba.gov.au and does not endorse Narwhal.
Source: ECB. The ECB publishes this data free of charge at ecb.europa.eu, and values are shown as published.
美国财政部的曲线随其每日发布更新。英国央行力争在下一个工作日伦敦时间正午前发布。德国联邦银行每日发布曲线。日本财务省在下一个工作日日本时间 09:30 发布。加拿大央行大约每周发布一次曲线,发布时间约在观测日期之后 2 至 3 周,因此最新的曲线通常已有 2 至 3 周的时滞。瑞典央行每个工作日发布。挪威央行每个工作日发布。澳大利亚储备银行在工作日发布 F2 表,通常在两天内。欧洲央行在下一个工作日发布曲线。周末和节假日可能没有新曲线。来源数据可能被修订。检查来源并不保证会有新的观测值。
缺失的期限会被省略。Narwhal 不会补全缺失的来源数据点,不会用较早的曲线替代,也不会编造数值。
曲线指标因国家而异。请为每个值保留来源、曲线类型和期限。
Norway: Use curve_type=constant_maturity_benchmark for Norges Bank generic rates: Treasury bills at 3, 6 and 12 months and government bonds at 3, 5, 7 and 10 years. 历史数据始于2019年1月2日。Australia: Use curve_type=zero_coupon for RBA table F17 zero-coupon yields, from 0.25 to 10 years in quarter-year steps. 历史数据始于2017年1月3日,RBA 在各行日期约1个月后添加相应行。Euro area: Use curve_type=spot_svensson_all_issuers for the ECB curve covering all euro area central government issuers: 3, 6 and 9 months, then 1 to 30 years in yearly steps, with daily history from 6 September 2004.
请选择包含起止日期的区间。响应按从旧到新排序,每页最多 1,000 个来源日期。使用相同的筛选条件和 limit,沿着 next_cursor 继续读取,直到它为 null。游标保留其发布快照最长 24 小时;快照过期或被撤回时会返回 409,此时请不带游标重新开始。
12 个月内每月赠送 10 美元免费额度,无需绑卡。每月 10 美元免费额度,无需绑卡。