The Central Bank of Trinidad and Tobago, along with its key stakeholders, developed the Standardised Trinidad and Tobago Yield Curve (TTYC) in 2014 to provide users with a benchmark for the pricing of sovereign debt For further details, please see the Central Bank of Trinidad and Tobago Monetary Policy Report, Volume XIV, Number 2, December 2014, Box 1, titled “The Development of the Standardised TT Treasury Yield Curve”.
The TTYC reflects an amalgamation of yields from market players with different maturity preferences, yield sentiments, and buyer and seller characteristics. It is constructed using data acquired from the Central Bank’s Domestic Market Operations Department; market reads from a panel of contributors; and secondary market trading information from the Trinidad and Tobago Stock Exchange. Since its inception, the Central Bank has consistently produced the yield curve every month, making it a reliable tool for financial market participants and policymakers. In 2024, the methodology underpinning the construction of the curve was reviewed to ensure it remained fit for purpose. For additional details on the methodology, please see the Central Bank of Trinidad and Tobago Annual Economic Survey Report, 2024, Box 1, titled “The Standardised Trinidad and Tobago Yield Curve: A Methodological Review”. The TTYC is disseminated on the fifth working day of each month.