PT Markets

Every active Pendle market, largest first. Buying PT locks the implied APY until maturity — you pay below par now and redeem 1:1 at expiry. No leverage, and the rate is fixed the moment you enter.

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How to read: premium is implied minus underlying APY. Positive means PT locks a rate above what the asset currently pays, which is the case for buying PT; negative means spot out-yields the locked rate and YT is the better side. Δ1d / Δ7d / Δ30d are moves in implied APY in percentage points — rising implied means PT is getting cheaper, so a green arrow is a better entry, not a gain on an existing position.