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Real Yield (5Y)

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Auto-generated. This article is rebuilt from app/signals/config/signal_definitions.json by scripts/build_signals_kb.py. Edit the registry entry and re-run the script — do not edit this file directly.

Real Yield (5Y)

What it is

Real Yield (5Y) — registry key real_yield_5y.

5-year Treasury Inflation-Indexed (TIPS) real yield from FRED (DFII5); short-end sibling of the scored real_yield_10y. Ingested + persisted, not yet scored. No band classifier in this PR.

Data-pyramid tier

T1 — Signal. This metric sits at the signal layer of the platform’s six-tier data pyramid (T0 raw inputs → T5 actionable read). The tier reflects how far the value is from a raw measurement — not how strongly it is validated. Abstraction and validation are separate axes: a higher tier is not a claim of stronger evidence.

Horizon & validation

No validated skill horizon is on file for this metric — read it as context / a data carrier, not a validated edge. Stamps are added only when a gated research verdict lands.

Source

Source module: inflation
Data source: back_fillable

Fetched directly from app/sources/inflation.py; see source code for the upstream API call and any provider-specific handling.

How it’s computed

Raw 5-Year Treasury Inflation-Indexed Security (TIPS) yield from FRED series DFII5, in percentage points — the 5y real cost of money (nominal 5y minus 5y breakeven). Short-end sibling of the scored real_yield_10y; a steepening/flattening of the 5y-vs-10y real curve is a state signal for the drawdown lane. Daily FRED publication. data_only carrier — no band classifier. See app/sources/inflation.py (_collect — _fetch_fred('DFII5')).

Where it surfaces

Health-score / alignment role

Data carrier — no implication, no health-score contribution.

Persisted for downstream consumers (sparklines, base-rate matcher, calibration substrate) but does not classify into BULLISH / NEUTRAL / BEARISH and does not contribute to the 0-100 health score.

Release cadence

Treasury TIPS series via FRED, business-day after close; same cadence as real_yield_10y.

See also