Mission
Make bond order flow legible.
Equity markets have a tape. Bonds don't. We're building one — and rendering it as positioning, conviction, and unusual activity. If something material is happening in your bond, you should be the first to know.
About SherpaBonds
Bond intelligence,
built for how you actually invest.
Bonds are the largest, most opaque asset class on Earth — and the one where order flow is hardest to see. SherpaBonds makes it visible.
Vision
The bond-finding machine, for everyone who needs one.
A credit PM, a family-office allocator, and a curious investor should all reach for the same tool — and each get the bonds that match their taste, their constraints, and where the smart money is going. One product, sharpened by the differences in what each user wants.
01 · Sherpa Signal
Where institutional money is flowing,
three ways to read it.
Equity markets have a tape. Bond markets don't — until now. We read institutional positioning across the market and surface where money is accumulating and where it's leaving. One page, three lenses on the same flow — a Map, a Tape, and Rows — with a universe selector (all bonds, investment grade, high yield, or emerging markets) and a window selector (1D, 5D, 1M, 3M).
Lens · Map
A sector-by-tenor heatmap
- Where money is flowing across sectors and maturities, at a glance
- Switch the universe between all bonds, investment grade, high yield, and emerging markets
- Switch the window across 1D, 5D, 1M, and 3M
Lens · Tape
An event feed of the day's moves
- Each notable move surfaced in plain English as it lands
- An unusually large move for a bond is flagged, so quiet days read as quiet and outliers stand out
- A featured Pulse card highlights the day's standout move
Lens · Rows
The day's top net flows
- The largest net accumulation and net distribution, ranked
- KPI tiles up top: net flow, buy volume, Sherpa coverage, bonds active, sectors on the move, and crowding
- Right-rail cards for crowding, recent updates, and your book
The day's flow, classified
Notable moves get a plain-English label that summarizes howthe day's flow happened, not just how much. A single large institution unwinding a position looks very different from broad-based new buying.
ACCUM
Accumulation. Institutions are net buyers — more flowing in than out.
DISTR
Distribution. Institutions are net sellers — more flowing out than in.
NEW MONEY
Almost all buying, very little on the other side. Looks like fresh allocations.
DERISK
Almost all selling. A coordinated unwind, not portfolio housekeeping.
What it actually reads like
Tape · a single entry
Vistajet 8.75 01/32 — an unusually large move for this bond.
Every entry reads in plain English: what moved, which way, and whether it's out of the ordinary for that bond.
On any bond · BETA
An experimental read of a bond's recent net accumulation or distribution, plus the institutions positioned in it.
Names available on Pro.
Glossary built into the surface
Every technical term is hoverable, in plain English.
Accumulation, distribution, derisking, new money, crowding, coverage — every label that could intimidate a first-time bond investor has a hint chip attached. Hover brings up a definition, an example, and (where it matters) a “practical take” line on how to read it.
What's being measured
Real institutional positioning, read as relative flow intensity so you can compare moves honestly across the market. The same dollar move means something different in Treasuries than in emerging-market high yield; the tape tells you which is the bigger event. Quiet days read as quiet. Outliers stand out.
Access
What moved and by how much is free to read. The names of the institutions behind those moves unlock on Pro. Your Book and watchlist views are signed-in only; positions in your portfolio additionally bypass the bond-detail paywall on the bonds you own, because P&L math needs real prices.
02 · For You
A recommendation engine
trained on what you do, not what you say.
Every bond gets a fingerprint built from its issuer, sector, country, currency, maturity, rating, and structure. Your portfolio and watchlist become a fingerprint of you — weighted toward what you actually hold, with a softer signal from what you're watching. We match the two across the full panel and surface the bonds that look most like the ones you already pay attention to. No thumbs. No follows. The engine learns from what you actually do.
01
Fingerprint every bond
Issuer, sector, country, currency, maturity, rating, and structure get rolled into a stable representation that travels with the bond — refreshed nightly when anything material changes.
02
Fingerprint you
Your holdings and watchlist become a single profile — weighted toward what you actually own, with a softer signal from what you're watching but haven't bought. Rebuilt nightly so new positions matter the next day.
03
Match
The match score is how close a bond's shape is to yours. For users without holdings yet, a cold-start mode falls back to issuer-and-sector heuristics until you've built up a real profile.
Each suggestion is classified
A match is a match — but it can be a match for very different reasons. We label every card with the kind of fit it represents, so you know whether you're looking at a same-issuer add-on, a missing rung in your ladder, or a deliberate diversifier.
Same issuer
An exact issuer match for a bond you already hold or watch
Watchlist
Same issuer family as something on your saved list
Ladder gap
A maturity year your portfolio doesn't yet cover
Peer
A sector neighbor of your existing holdings
Carry
High-yield candidates that pass your filters
Diversifier
A sector your portfolio is currently underweight in
Top match
Cold-start: highest-similarity result on first visit
Popular
Cold-start: high-yield universe favorites between 4-12%
Match score · 50–99
Why this bond, broken into five factors
Top suggestion gets a score-plus-bars panel: issuer affinity, sector alignment, country / region, currency match, and yield pickup— the yield-pickup factor is computed against your portfolio's weighted YTM, not a fixed benchmark, so a 6% bond reads differently for a 4% book than for an 8% book.
If you add 100K par
Live before/after on every metric that matters
Hover the top suggestion to see what happens to your book when you add 100K par at the bond's mid: weighted YTM, portfolio market value, annual coupon income, top-sector concentration, and bonds-maturing-in-60-days — each shown as a real before → after pair, in your chosen display currency.
Slice by intent
Four filter chips × four sort orders
- From: Portfolio fit · Watchlist peers · Same issuer · Coupon ladder
- Sort: Match score · Yield (high → low) · Maturity (soonest) · New today
- Filters and sort are URL-encoded so any view is shareable and bookmarkable.
Your portfolio in context
Real aggregates beside every recommendation
- Weighted YTM, total market value, annual + monthly coupon income
- Top-sector concentration (the warning before you over-allocate)
- Bonds maturing in the next 60 days — the cash you're about to need to redeploy
- Recent activity timeline: every Save and every Add, time-stamped, threading recommendations into your actual workflow
What's inside
The rest of the product
wraps around the two engines.
Sherpa Signal and For You are the intelligence layer. Everything below — Radio, plain-English search, the screener, the bond detail page, portfolios, watchlists, currency conversion — exists to render those two engines as something you can actually browse, search, compare, hold, and pay for. Discovery on top, workspace underneath, coverage at the bottom.
03 · Discovery surfaces
Similar bonds
A Pandora-style endless stream of bonds. Stations for For You, issuer, country, sector, signal, yield bracket, and any seed bond. Keyboard-driven (← → W O R), watchlist inline, comparison chips against the seed — discovery that doesn't end at the bottom of a table.
Plain-English search
“BB-rated EM corporates maturing 2028-2030 in USD under 90.” Type the sentence; we translate it into screener filters and return the matching bonds. The fastest path from a thought to a bond list — invocable from the search bar on every page.
Closest matches
Every bond detail page surfaces its closest neighbors — same issuer family, same sector, same duration and credit band, plus the subtler shape features that make a fit feel right. A cold-start path covers bonds that don't yet have a full profile.
Screener + Bond detail
A real screener when you want one — every column tradable. The bond detail page wires price, yield, holders, issuer curve, peer comparison, and Sherpa Signal into a single answer per bond. Canonicalized for UUID, ISIN, CUSIP, and local IDs.
04 · Your workspace
Multi-portfolio
Track as many portfolios as you run — model book, IRA, family-office sleeve. Per-row inline edit, cost-basis P&L from real prices, and a default-portfolio guarantee enforced at the database. Positions unlock the bond-detail paywall on bonds you actually own.
Watchlists with notes
Save bonds with free-form notes. Your watchlist quietly feeds the recommendation engine — what you watch shapes what you see next.
Multi-currency + crypto display
One toggle re-prices every surface in 12 fiat currencies plus BTC and ETH. ECB Frankfurter rates for fiat, CoinGecko for crypto, cookie-persistent across sessions.
05 · Coverage & data
Global by default
Any country, any currency. Emerging markets are a first-class citizen — not the afterthought tab. Country and currency are backfilled nightly through a four-pass enrichment chain (sibling-issuer copy, ISIN-prefix decode, fuzzy issuer match, AI cache) so coverage keeps widening on its own.
Real prices, real math
Market-observable prices only. If a bond didn't trade or wasn't held, the field shows a dash — no FRED-curve interpolation, no theoretical YTM. Yield, duration, and convexity computed from observed prices via a hand-built bond-math library. No modeled or theoretical pricing, ever.
Founder note
“The question that matters is which bonds matter — and you can't answer it without knowing who owns them, in what size, and how that's changing. SherpaBonds is the answer.”
See the work.
14-day free trial on Basic or Pro. Full screener, prices everywhere — and on Pro, Sherpa FIT and the institutions by name.