{
 "slug": "meta",
 "issuer": "META PLATFORMS INC",
 "start": "2025-10-06",
 "end": "2026-10-05",
 "days": 250,
 "regimes": [
  {
   "regime": "legacy_flat",
   "days": 246,
   "start": "2025-10-06",
   "end": "2026-09-29"
  },
  {
   "regime": "strip",
   "days": 4,
   "start": "2026-09-30",
   "end": "2026-10-05"
  }
 ],
 "regime_note": "legacy_flat discounting (flat SOFR at each date) through 2026-09-29; futures-strip curve from 2026-09-30 (4 of 250 days). These are different discount curves - do not compare levels across the break",
 "series": [
  {
   "date": "2025-10-06",
   "n_bonds_priced": 15,
   "n_prints_day": 15,
   "sofr_pct": 4.15,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -51.7,
    "2.0": -0.1,
    "3.0": -38.2,
    "5.0": -13.8,
    "7.0": 10.4,
    "10.0": 39.7
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 1.4,
    "7.0": 13.1,
    "10.0": 40.5
   },
   "par_cds_5y_bp": 1.4,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-07",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.14,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -50.1,
    "2.0": -48.7,
    "3.0": -37.7,
    "5.0": -11.3,
    "7.0": 12.1,
    "10.0": 40.5
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 1.7,
    "7.0": 14.7,
    "10.0": 41.2
   },
   "par_cds_5y_bp": 1.7,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-08",
   "n_bonds_priced": 13,
   "n_prints_day": 13,
   "sofr_pct": 4.12,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -47.8,
    "2.0": -46.0,
    "3.0": -34.3,
    "5.0": -11.5,
    "7.0": 13.9,
    "10.0": 42.6
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 1.9,
    "7.0": 16.4,
    "10.0": 43.3
   },
   "par_cds_5y_bp": 1.9,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-09",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.13,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -46.4,
    "2.0": -44.6,
    "3.0": -33.0,
    "5.0": -8.7,
    "7.0": 17.6,
    "10.0": 45.9
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 2.4,
    "7.0": 20.0,
    "10.0": 46.6
   },
   "par_cds_5y_bp": 2.4,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-10",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.15,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -48.3,
    "2.0": -46.9,
    "3.0": -36.7,
    "5.0": -14.5,
    "7.0": 11.0,
    "10.0": 39.4
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 1.5,
    "7.0": 13.5,
    "10.0": 40.1
   },
   "par_cds_5y_bp": 1.5,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-14",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.19,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -59.0,
    "2.0": -57.4,
    "3.0": -47.7,
    "5.0": -24.4,
    "7.0": 4.4,
    "10.0": 32.8
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 0.5,
    "7.0": 6.9,
    "10.0": 33.6
   },
   "par_cds_5y_bp": 0.5,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-10-15",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.29,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -69.7,
    "2.0": -68.4,
    "3.0": -59.5,
    "5.0": -36.9,
    "7.0": -11.4,
    "10.0": 17.2
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.5,
    "10.0": 17.7
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-16",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.3,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -78.4,
    "2.0": -75.8,
    "3.0": -61.1,
    "5.0": -37.4,
    "7.0": -12.7,
    "10.0": 14.4
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.2,
    "10.0": 14.8
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-17",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.18,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -61.1,
    "2.0": -60.0,
    "3.0": -50.7,
    "5.0": -26.5,
    "7.0": -0.5,
    "10.0": 29.4
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 2.5,
    "10.0": 30.2
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-20",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.16,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -59.7,
    "2.0": -58.7,
    "3.0": -50.4,
    "5.0": -26.3,
    "7.0": 0.0,
    "10.0": 29.6
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 2.4,
    "10.0": 30.3
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-21",
   "n_bonds_priced": 13,
   "n_prints_day": 13,
   "sofr_pct": 4.23,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -68.0,
    "2.0": -66.6,
    "3.0": -57.7,
    "5.0": -34.3,
    "7.0": -9.8,
    "10.0": 19.4
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.5,
    "10.0": 19.9
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-22",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.21,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -64.8,
    "2.0": -63.8,
    "3.0": -55.6,
    "5.0": -32.4,
    "7.0": -4.9,
    "10.0": 23.0
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.8,
    "10.0": 23.6
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-23",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.24,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -65.5,
    "2.0": -64.5,
    "3.0": -56.4,
    "5.0": -32.5,
    "7.0": -7.4,
    "10.0": 20.6
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.6,
    "10.0": 21.1
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-24",
   "n_bonds_priced": 13,
   "n_prints_day": 13,
   "sofr_pct": 4.24,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -62.2,
    "2.0": -62.2,
    "3.0": -57.2,
    "5.0": -33.9,
    "7.0": -8.6,
    "10.0": 19.3
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.5,
    "10.0": 19.8
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-27",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.27,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -68.1,
    "2.0": -66.9,
    "3.0": -59.2,
    "5.0": -36.0,
    "7.0": -11.9,
    "10.0": 14.9
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.1,
    "10.0": 15.3
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-28",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.31,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -71.4,
    "2.0": -70.0,
    "3.0": -62.0,
    "5.0": -38.4,
    "7.0": -15.8,
    "10.0": 11.0
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 0.8,
    "10.0": 11.2
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
   ]
  },
  {
   "date": "2025-10-29",
   "n_bonds_priced": 14,
   "n_prints_day": 14,
   "sofr_pct": 4.27,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -67.1,
    "2.0": -65.2,
    "3.0": -57.1,
    "5.0": -29.3,
    "7.0": -8.8,
    "10.0": 17.5
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": null,
    "7.0": 1.2,
    "10.0": 17.9
   },
   "par_cds_5y_bp": null,
   "negative_z_knots": [
    "1.0",
    "2.0",
    "3.0",
    "5.0",
    "7.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
    "1.0",
    "2.0",
    "3.0",
    "5.0"
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  },
  {
   "date": "2025-10-30",
   "n_bonds_priced": 21,
   "n_prints_day": 21,
   "sofr_pct": 4.04,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -29.7,
    "2.0": -26.9,
    "3.0": -14.2,
    "5.0": 10.7,
    "7.0": 42.4,
    "10.0": 72.5
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": 1.2,
    "5.0": 13.7,
    "7.0": 43.9,
    "10.0": 72.5
   },
   "par_cds_5y_bp": 13.7,
   "negative_z_knots": [
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    "2.0",
    "3.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
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    "2.0"
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  },
  {
   "date": "2025-10-31",
   "n_bonds_priced": 20,
   "n_prints_day": 20,
   "sofr_pct": 4.22,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -46.7,
    "2.0": -43.6,
    "3.0": -31.4,
    "5.0": -7.2,
    "7.0": 22.7,
    "10.0": 53.6
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": null,
    "5.0": 2.2,
    "7.0": 24.5,
    "10.0": 53.9
   },
   "par_cds_5y_bp": 2.2,
   "negative_z_knots": [
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    "2.0",
    "3.0",
    "5.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
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    "2.0",
    "3.0"
   ]
  },
  {
   "date": "2025-11-03",
   "n_bonds_priced": 20,
   "n_prints_day": 20,
   "sofr_pct": 4.13,
   "curve_regime": "legacy_flat",
   "discount_source": "FlatRateCurve (flat SOFR)",
   "z_at_knots_bp": {
    "1.0": -35.7,
    "2.0": -32.1,
    "3.0": -18.7,
    "5.0": 3.6,
    "7.0": 35.6,
    "10.0": 66.8
   },
   "par_cds_bp": {
    "1.0": null,
    "2.0": null,
    "3.0": 0.4,
    "5.0": 6.4,
    "7.0": 37.1,
    "10.0": 66.8
   },
   "par_cds_5y_bp": 6.4,
   "negative_z_knots": [
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    "2.0",
    "3.0"
   ],
   "unreachable_low_knots": [],
   "below_model_resolution": [
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}